India's Sandur Manganese rises on fund raise approval
17/09/2024 07:20
** Shares of Sandur Manganese and Iron Ores SUMG.NS rise
as much as 3.8% to 507.85 rupees
** SUMG on Monday said its board has approved raising of
funds up to 10 bln rupees ($119.3 mln)
** Adds, fund raise would be via issuance of shares
** Trading vol 1.7x 30-day daily avg
** Stock is up 84.5% since listing in Sept. 2023
($1 = 83.8350 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
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