India's RPSG Ventures rises as unit signs deal

RPSG Ventures

21/06/2024 10:40

** Shares of RPSG Ventures  RPSG.NS  rise as much as 5.1% to
727.2 rupees, before trimming gains to trade 3% higher
    ** Information technology and allied services company's unit
enter into a deed of assignment with Natures Basket, unit of
Spencer's Retail  SPEN.BO  for purchase of "The Gift Studio"
brand for 247.5 mln rupees ($3 mln)
    ** Stock set to snap three straight sessions of losses
    ** RPSG set to rise for third straight week, having gained
9% in last two weeks
    ** Trading volume is 2.7x the 30-day daily avg, highest
since April 24
    ** Stock down ~3% in 2024 so far after gaining 63% in 2023


($1 = 83.4950 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))