Kaya surges 4% after board approve for investment in Singapore arm

India Infoline News Service | Mumbai | October 24, 2017 10:27 IST

The investment is for buyout of minority stake in Kaya Middle East FZC, a UAE-based subsidiary of KME Holdings.

Shares of Kaya gained over 3% after the company's board approved the investment of up to Rs 51 crore in Singapore-based subsidiary KME Holdings.

The investment is for a buyout of a minority stake in Kaya Middle East FZC, a UAE-based subsidiary of KME Holdings.

Kaya Ltd is currently trading at Rs 935, up by Rs 31.6 or 3.5% from its previous closing of Rs 903.4 on the BSE.

The scrip opened at Rs 913 and has touched a high and low of Rs 943.05 and Rs 908.9 respectively. The stock is currently trading above its 100 DMA.
BSE 940.00 16.25 (1.76%)

***Note: This is a NSE Chart

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.