Sudarshan Chemical shares surge 3% as company set to acquire Heubach Group’s Global Pigment Business

Shares of Sudarshan Chemical Industries jumped more than 3% after the company entered into a definitive agreement to acquire the Global Pigment Business Operations of the Heubach Group.

The acquisition is estimated at around INR 1,180 crore and is likely to be completed in 3-4 months. This deal is considered a significant step by SCIL to strengthen its footprint in the global speciality chemicals industry.

Advertisement

Sudarshan Chemical Industries’ stock opened at Rs 1,010, reaching a day high of Rs 1,060.95 and a low of Rs 996.55. With a 52-week high of Rs 1,149 and a low of Rs 437.10, the stock shows significant volatility, reflecting investor sentiment in the chemical sector.

As of 2:57 pm, Sudarshan Chemical Industries shares were trading 3.00% higher at Rs 1,045.00 on the NSE.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.