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6 months ago
BUZZ-India's Hindustan Motors hits over 2-1/2-yr high on sale of Ambassador brand to Peugeot
February 13, 2017 / 4:18 AM / 6 months ago

BUZZ-India's Hindustan Motors hits over 2-1/2-yr high on sale of Ambassador brand to Peugeot

** Automaker Hindustan Motors shares gain as much as 17.3 pct to 12.90 rupees, highest since May 2014

** Company said on Friday it agreed to sell its iconic Ambassador brand for consideration of 800 mln rupees ($11.94 million) to French automaker Peugeot SA bit.ly/2kAQzWU

** More than 3.5 mln shares traded, 2.5 times the 30-day avg

** Hindustan Motors stock had gained nearly 60 pct this year as of its last close

$1 = 66.9900 Indian rupees

0 : 0
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