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Uttam Galva soars on Arcelor-Mittal plans to hike stake
MUMBAI |
MUMBAI (Reuters) - Shares of Uttam Galva Steel extended gains to more than 16 percent after Arcelor Mittal, the world's biggest steelmaker, said it expects to purchase an additional 4.9 percent stake in the company.
At 11.55 a.m., shares of the company were up 13.58 percent at 120.40 rupees.
(Reporting by Jigar Pathak; Editing by Ramya Venugopal)
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