Shares Of Amira Nature Foods Spiked On Thursday: Here's Why

Shares of Amira Nature Foods Ltd ANFI, a provider of packaged Indian specialty rice and other rice based products, surged higher by more than 11 percent on Thursday. Amira Nature Foods disclosed in a 6-K form on Wednesday that it has entered into a $92 million contract to "supply third party branded basmati rice to a key repeat customer in the Europe, Middle East, and Africa region." A 6-K form is required for foreign issuers of securities to offer international investors access to the same information that investors in the foreign company's home market receive. Amira Nature Foods' principal executive office is listed in Dubai, United Arab Emirates.