Cairo – Mubasher: Edita Food Industries said Sunday that Kingsway Fund - Frontier Consumer Franchises has purchased 199,600 global depositary receipts worth $3.59 million (EGP 63.7 million).
This amount is equivalent to 998,000 shares in the food producer equity, the filing revealed.
Kingsway Fund thus has raised its stake in Edita to 5.18%, according to the bourse filing.
Edita’s stock quote rose 0.52% to EGP 13.43 by 12:40pm CLT, while its GDR stood at $7.3 on Friday.
