India's Barbeque Nation jumps on raising nearly $13.7 mln

United Foodbrands

06/09/2021 07:37

** Shares of Indian restaurant chain  BARQ.NS  rise as much
as 4.6% to 1,161.9 rupees, highest in about three weeks
    ** Co said on Saturday it has raised https://www.bseindia.com/xml-data/corpfiling/AttachLive/1d9eb28d-61a0-4adb-bc7f-488be3cc2431.pdf
 nearly 1 billion rupees ($13.69 million) through preferential
issue of equity shares to three different investors, including
Massachusetts Institute of Technology 
    ** Said its stakeholders' relationship committee, in a
meeting on Sept. 4, approved allotment of 11,77,855 fully paid
up equity shares of face value five rupees each at a premium of
844 rupees
    ** BARQ, which also operates the high-end Toscano eatery
chain, made its market debut in April this year
    ** In the latest reported quarter, co narrowed net loss and
said total revenue rose to 1.09 bln rupees; it plans to add 20
new restaurants in FY 2022  urn:newsml:reuters.com:*:nFWN2P917G
    



($1 = 73.0550 Indian rupees)

 (Reporting by Vishwadha Chander in Bengaluru)
 ((Vishwadha.Chander@thomsonreuters.com))