India's Som Distilleries ends higher as operations resume at suspended plant

Som Distilleries and Breweries

02/07/2024 11:28

** Shares of Som Distilleries and Breweries  SDB.NS  closed
2.8% higher at 117.69 rupees 
    ** The liquor co said licence suspension on plant run by
associate pvt firm was stayed by Madhya Pradesh High Court and
normal operations have resumed
    ** Stock rose as much as 4.2% post the news and was trading
flat earlier
    ** The Madhya Pradesh government temporarily suspended the
licence after a child rights agency found children working at
the distillery
    ** The stock has lost over 5% since the issue was reported
in mid-June

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))