December 31, 2015 / 3:17 PM / 2 years ago

BUZZ-Amira Nature Foods Ltd: Wins $92 mln contract

1 Min Read

** Specialty rice packager's shares up 10 pct at $9.69

** Company wins $92 mln contract to supply branded basmati rice to "key repeat customer" in Europe, Middle East, and Africa region (bit.ly/1kw15xt)

** Amira reported Q4 revenue of $226.8 mln in July

** Up to Wednesday's close, stock had risen 71 pct since Nov. 10, when company said an independent investigation concluded that allegations made by short-seller Prescience Point regarding its finances were unsubstantiated and unfounded (bit.ly/1PyMuOP)

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