Mukta Arts shares jump 20 per cent on Foxconn stake buy reports

Mukta Arts shares hit an upper circuit on reports that Taiwanese electronics maker Foxconn Technology may pick up a stake either in Mukta Arts or one of its arms.

Written by FE News Desk

Updated: August 10, 2015 12:28 IST

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Mukta Arts shares hit an upper circuit on Monday following reports that Taiwanese electronics maker Foxconn Technology may pick up a stake either in Mukta Arts or one of its arms.

Cheering the news, the share price of Mukta Arts jumped 20 per cent to Rs 41.10 in the early trade.

Foxconn Technology is seeking to branch out beyond its established forte of hardware products.

Foxconn tied up with Mukta Arts’ subsidiary WhistlingWoods International (WWI) over the weekend for co-creation of content which can be used across media platforms.

(With inputs from PTI)

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This article was first uploaded on August ten, twenty fifteen, at ten minutes past ten in the morning.