India's Sona BLW gains on report co to buy rail business of Escorts Kubota

Sona Blw Precision Forgings

04/09/2024 11:07

** Shares of Sona BLW Precision Forgings  SONB.NS  settled
up 1.6% 
    ** Sona BLW is in talks to buy railway business of Escorts
Kubota  ESCO.NS , CNBC TV18 reports
    ** SONB may launch institutional share sale to fund the
deal, report adds
    ** Escorts Kubota shares ended 0.4% lower
    ** SONB shares, which were down around 0.5%, rose as much as
3% after the report
    ** SONB up 12% YTD, while ESCO has gained 26.5% 

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))