India's PC Jeweller shares gain in debut after $111 mln IPO
MUMBAI Dec 27 (Reuters) - Shares in PC Jeweller rose in their stock market debut on Thursday, after the company raised 6.1 billion Indian rupees ($111.20 million) in an initial public offering earlier this month.
PC Jeweller shares were trading at 143.50 rupees in the National Stock Exchange (NSE) as of 0435 GMT, up 6.3 percent from its IPO price of 135 rupees a share.
Shares of the jewelry company had risen to as high as 143.90 rupees. ($1 = 54.8550 Indian rupees) (Reporting by Manoj Dharra; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
India has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority told Reuters on Friday. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article