Shares of "M.Video" sharply surged in price during trading on Friday, reacting to the news of the company's recapitalization.

In particular, the "M.Video-Eldorado" group announced a recapitalization of 30 billion rubles this year. New shareholders have already contributed 11.5 billion rubles to the capital, reports RBC.

The names of the shareholders, the mechanism, and the timeline for the recapitalization are still unknown. The company will provide this information later.

As of 17:03 Moscow time, "M.Video" shares were trading up 14.13%, at a price of 126.25 rubles per share. Earlier, the quotes reached a maximum at the end of August 2024 at 128.25 rubles.