Veto Switchgears jumps 5% on realisation of unsecured loan

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Veto Switchgears and Cables shares rallied 4.8 percent intraday on June 14 after realisation of unsecured loan from a subsidiary.

"We realised an amount of $1 million against an unsecured loan on June 13," the wires & cables and electrical accessories manufacturer said in its filing.

Veto Switchgears had given unsecured loan to its wholly owned overseas subsidiary Veto Overseas Private F.Z.E.

The stock climbed 10 percent in the last 15 sessions. At 13:13 hours IST, it was quoting at Rs 66.75, up Rs 1.10, or 1.68 percent on the BSE.