India's Take Solutions surges 16% after PE deal for unit

Take

06/08/2021 05:18

** Shares of life sciences and supply chain management co
 TAKE.NS  rise as much as 15.7% to 69.55 rupees, their biggest
intra-day gain since May 19
    ** Co said on Friday private-equity firm H.I.G. Capital's
unit will take 75% stake in co's clinical research organisation
business Navitas Life Sciences for $101.6 mln  urn:newsml:reuters.com:*:nFWN2PC1SJ
    ** About 6.9 mln shares change hands in early trade, 3x
30-day avg of 2.2 mln
    ** TAKE shares up 12.9% so far this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))