Comments
Shares of health management company Panacea Biotec Ltd rose as much as 18.7 per cent to Rs 212.8, their biggest intrad-ay gain since March 28, 2019.
The company said on Monday the India Resurgence Fund (IndiaRF) had announced an investment of up to $144 million in the company.
Subject to the exercise of warrants, IndiaRF affiliates will collectively own 10.4 per cent stake in the company.
About 4,50,749 shares changed hands, compared with the 30-day average of around 1,13,717 shares. As of Monday's close, the stock is up 11.93 per cent so far this year.
The stock ended at Rs 200.45, up Rs 19.30 (+10.65%) on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.