Future Consumer Enterprise witnessed a sharp rise in share price on Friday after it announced that the company has acquired 97.97% equity shares of The Nilgiri Dairy Farm ('NDFPL').The acquisition is in terms whereof, NDFPL and its subsidiary companies have become subsidiaries of the company.

Shares of the company are trading at Rs 11.42, up Rs 1.03, or 9.91% at the Bombay Stock Exchange (BSE) on Friday at 11:02 a.m.

The scrip has touched an intra-day high of Rs 11.42 and low of Rs 11. The total volume of shares traded at the BSE is 685,959.