Sujana Towers surges on stake-sale reports
Shares of Sujana Towers gained momentum after reports that company seems to have revived its stake-sale plans.
By ET Bureau |
MUMBAI: Shares of Sujana Towers gained momentum after reports that company seems to have revived its stake-sale plans.
The company has initial stake-sale talks with larger local peer GTL Infrastructure early last year. The company would need to raise Rs 500 crore for which "it is currently working on all options," the Economic Times quoted a company source.
The stock was at Rs 28.65, up 5.14 per cent on the NSE. It touched a high of Rs 28.65 and low of Rs 27.60 in trade so far.
The company has initial stake-sale talks with larger local peer GTL Infrastructure early last year. The company would need to raise Rs 500 crore for which "it is currently working on all options," the Economic Times quoted a company source.
The stock was at Rs 28.65, up 5.14 per cent on the NSE. It touched a high of Rs 28.65 and low of Rs 27.60 in trade so far.
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