Autoline Industries rises 2.2 pct on debut

Newswire

MUMBAI, Jan 31 (Reuters) - Autoline Industries Ltd. on Wednesday listed at 230 rupees on the NSE, up 2.2 percent from its issue price of 225 rupees. At 9:58 a.m. (0428 GMT), the shares were trading at 277.80 rupees, after reaching a high of 287.70 rupees. The auto parts maker raised 750 million rupees through an initial public offer of shares to fund an assembly plant and expand a design unit.

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