Rupa and Co up 20%; arm acquires license from French Connection

Moneycontrol BureauShares of Rupa and Company locked at 20 percent upper circuit on Monday as its subsidiary has acquired license from French Connection to sell FCUK products.The company's wholly-owned subsidiary Oban Fashions has entered into a definitive license agreement with French Connection, as it has acquired the exclusive license from French Connection to develop, manufacture, marketing and sale of the innerwear and related products with the brand name FCUK in India.There were pending buy orders of 25,393 shares, with no sellers available.At 09:41 hrs Rupa and Company was quoting at Rs 329.40, up Rs 54.90, or 20 percent on the BSE.Posted by Rakesh Patil