India's Sakuma Exports up after bonus issue, fundraise nods

Sakuma Exports

02/07/2024 05:39

** Shares of India's Sakuma Exports  SAKE.NS  up 1.6% after
jumping as much as 7.8% earlier in the day 
    ** SAKE set to rise for fourth straight session, if gains
hold 
    ** Co approved issue of bonus shares in 4:1 ratio, fundraise
via share issue to institutional investors worth up to 5 bln
rupees (~$60 mln) 
    ** Also approved investment up to 6 bln rupees in co's units
    ** YTD stock has surged 103%  


($1 = 83.5300 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))