India's Modern Insulators rises on investment in IPO-bound Swiggy

Modern Insulators

17/09/2024 10:55

** Shares of India's Modern Insulators  MDIS.BO  rise 3.2%
to 140.6 rupees, set to snap six-session losing run 
    ** Electrical components maker has received approval to
invest nearly 50 million rupees ($597,207.46) in IPO-bound food
delivery firm Swiggy
    ** YTD stock has risen 34% 


($1 = 83.7230 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))