Modern India zooms ahead on PE buzz

DALAL STREET SPIKES

The stock of Modern India rose 3.28 per cent to Rs 262.55 a share on the Bombay Stock Exchange on reports that the company was in talks with private equity players to dilute the founders' holding and sell stake in its specially economic zone unit.

A total of 97,016 shares changed hands on the BSE. The stock touched a high of Rs 265 a share and a low of Rs 256. The company has a presence in the textile and real estate business.