IFCI acquires stake in Koutons Retail; stocks up

Shares of Koutons Retail were at Rs 39.65, up 4.20 per cent on the BSE. It touched a high of Rs 40.80 and low of Rs 39 in trade so far.

MUMBAI: Shares of Koutons Retail moved higher after IFCI acquired 5.89 per cent stake in the company by invoking the shares pledged by promoters.

Shares of Koutons Retail were at Rs 39.65, up 4.20 per cent on the BSE. It touched a high of Rs 40.80 and low of Rs 39 in trade so far.
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