Indian Equities: DB Realty, Essar Shipping, Hotel Leelaventure
The following companies had unusual price changes in India trading. Stock symbols are in parentheses and share prices are as of 3:30 p.m. close in Mumbai.
The Bombay Stock Exchange Sensitive Index, or Sensex, declined 263.78, or 1.4 percent, to 18,222.67.
DB Realty Ltd. (DBRL) fell 4.1 percent to 112.9 rupees, the most in a week. Managing Director Shahid Balwa resigned from the real-estate company on Feb. 9, according to a statement to the Bombay Stock Exchange. Chandan Bhattacharya, a director, also resigned, according to a company statement.
Essar Shipping Ports & Logistics Ltd. (ESRS) climbed 2.5 percent to 91.75 rupees, its highest in a month. India’s largest shipping company by market value said a court ruled in favor of its plan to split its business in two.
Hotel Leelaventure Ltd. (LELA IN) rose 1.8 percent to 39.65 rupees, its highest in a month. The luxury hotel chain owner plans to offer new shares to investors equal to 14.95 percent of its enhanced capital and raise 9.5 billion rupees ($211 million) by selling and developing property, it said in a statement to the Bombay Stock Exchange on March 5.
Insecticides India) Ltd. (INST IN) surged 6 percent to a record 322.8 rupees. The New Delhi-based maker of plant protection chemicals and household pesticides said it agreed to buy Monocil, an agrochemical brand.
-- Editor: Margo Towie
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