India's Warren Tea hits 2-month high on entering MoU with Dhunseri Tea
22/11/2022 08:02
** Shares of Indian tea producer Warren Tea Ltd WRRN.BO
rise as much as 13.4% to 79 rupees, highest level since Sept. 19
** Biggest intraday pct gain since Oct. 13, 2021
** WRRN on Monday entered a memorandum of understanding with
Dhunseri Tea & Industries DHUT.NS urn:newsml:reuters.com:*:nFWN32H14W
** DHUT to acquire three of Warren's tea estates in Assam
** More than 24,000 shares change hands, 11.3x the 30-day
avg of 2,194 shares
** Stock down 17.6% YTD, as of last close
(Reporting by Anisha Ajith in Bengaluru)
((anisha.ajith@thomsonreuters.com))
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India's Warren Tea hits 2-month high on entering MoU with Dhunseri Tea