India's Texmo Pipes up on stake buy in pipe-making firm
21/03/2024 04:49
** Shares of Texmo Pipes and Products TEXO.NS up 3.6% at
78.25 rupees
** TEXO buys 51% stake in pipe-maker Shree Venkatesh
Industries for 206.1 mln rupees ($2.5 mln)
** Stock up ~2.5% so far this week, on track to snap a run
of three straight weekly losses
** Stock up ~5.6% so far this year, it rose 27.3% in 2023
($1 = 83.1090 Indian rupees)
(Reporting by Varun Vyas in Bengaluru)
((varunvyas.hebbalalu@thomsonreuters.com))
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India's Texmo Pipes up on stake buy in pipe-making firm
Brief: Texmo Pipes And Products Acquires 51% Equity Share Capital Of Shree Venkatesh Industries