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.
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.
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