India's Seshasayee Paper at record high on purchase of land assets

Seshasayee Paper and Boards

20/09/2022 07:15

** Shares of Indian paper producer Seshasayee Paper and
Boards Ltd  SSHA.NS  rise as much as 6.7% to an all-time high of
305.65 rupees
    ** Stock posts biggest intraday pct gain since Aug. 22
    ** SSHA on Monday said it acquired assets of Servalakshmi
Paper Ltd, including its land, plant and machinery, through an
e-auction  urn:newsml:reuters.com:*:nFWN30Q0GM
    ** More than 293,000 shares change hands by 0612 GMT vs
30-day avg of 291,941 shares
    ** Stock up 91.8% so far this year up to last close


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))