Shri Bajrang Alliance Ltd rises on letter of intent for opening quick service restaurants

Shri Bajrang Alliance

03/01/2022 06:57

** Frozen food product maker's shares  SHBA.BO  up as much
as 5% at 250 rupees, highest since Dec. 29
    ** SHBA up for second straight session, posts biggest
intraday pct gain since Dec. 27
    ** Company says https://bit.ly/3eM5L0Y it got letter of
intent from Franwork Brands Pvt Ltd for opening 100 quick
service restaurants
    ** Financial terms not disclosed
    ** More than 9,300 shares change hands by 0650 GMT, 1.7x
30-day avg

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607))