Shares of both Deccan Aviation and UB Holdings today surged nearly 10 per cent in early morning trade on the Bombay Stock Exchange after Vijay Mallya's UB Group acquired 26 per cent in the low-cost carrier for Rs 550 crore.
The scrip of Deccan Aviation jumped Rs 13.80 to touch a high of Rs 160 on the Bombay Stock Exchange (BSE) and over 17.24 lakh shares exchanged hands on the bourse. The shares opened firm at Rs 151 in the morning, surged 9.43 per cent, and were trading at Rs 151.55, up 3.66 per cent on the BSE at 11.12 am.
Scrip of United Breweries Holdings on the other hand jumped Rs 68.35 or 9.99 per cent and touched a high of Rs 752.15 with over 1.68 lakh shares being traded on the bourse. United Breweries Holdings was last trading at Rs 726.25, up 6.54 per cent on the BSE.
Read more in The Economic Times article.
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