Karuturi Global soars on stake sale buzz
Karuturi Global rose as much as 3.5 percent after media reports that the company was planning to raise $100 million by selling a 15 per cent stake in its Dubai-based unit to an unnamed private equity firm.
By ET Online |
MUMBAI: Karuturi Global rose as much as 3.5 percent after media reports that the company was planning to raise $100 million by selling a 15 per cent stake in its Dubai-based unit to an unnamed private equity firm.
The report said the company's managing director confirmed the fund raising plan, but did not divulge the details.
The company's shares, however, eased gains and were trading 0.74 per cent higher at Rs 20.40.
The report said the company's managing director confirmed the fund raising plan, but did not divulge the details.
The company's shares, however, eased gains and were trading 0.74 per cent higher at Rs 20.40.
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