Pipavav shares zoom by 18%
18 Dec 2015 5:13 AM IST
Shares of Pipavav Defence and Offshore Engineering Company surged 18 per cent on Wednesday as Reliance Infrastructure acquired an additional 17 per cent stake in the company for an estimated Rs 850 crore through an open offer. The stock soared 16.70 per cent to settle at Rs 76.50 on BSE. During the day, it jumped 19.98 per cent to Rs 78.65.
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