India's SeQuent Scientific soars on taking full ownership of Brazil's Evance

Viyash Scientific

12/01/2022 08:34

** Animal healthcare co's  SEQU.NS  shares rise as much as
11.5% to 181.85 rupees, marking their biggest intraday pct gain
since Dec. 8 
    ** SEQU stock rises to its highest since Dec. 14
    ** Co says https://bit.ly/3fhS1LW its unit Alivira Brazil
has bought remaining 30% of Evance Group for 446 mln rupees
($6.03 mln) in cash 
    ** Co says since the acquisition of 70% stake in Evance
Group in 2016, Evance has grown at a CAGR of 57% vs Brazil
market's growth of 10%-12%
    ** More than 8.1 mln shares traded by 0805 GMT, 2.2 times
their 30-day avg

($1 = 73.9830 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))