Shares of Bliss GVS Pharma surged sharply in early trade on Tuesday, extending their strong momentum for the second straight session after Anupam Rasayan announced plans to acquire a substantial stake in the pharmaceutical company.
The stock rallied nearly 15% during the session and has gained around 22% over the last two trading days as investors reacted positively to the proposed acquisition and the possibility of a change in control at the company.
At around 9:42 AM IST, Bliss GVS Pharma shares were trading near the day’s high after touching Rs 368.00, which also marked a fresh 52-week high for the stock. The stock opened at Rs 321.00 against the previous close of Rs 317.55 and witnessed heavy trading activity with live volume crossing 54.25 lakh shares.
The stock traded in a wide intraday range between Rs 320.85 and Rs 368.00 during the morning session, reflecting heightened investor interest following the announcement.
Acquisition Deal Details
According to the company disclosure, Anupam Rasayan plans to acquire a 43.3% stake in Bliss GVS Pharma at a price of Rs 299 per share. The transaction value is estimated at around Rs 1,369.51 crore.
In addition to the stake purchase, Anupam Rasayan will also launch an open offer to acquire up to 26% additional stake from public shareholders at the same price of Rs 299 per share, in line with regulatory requirements.
If the transaction and open offer are fully completed, Anupam Rasayan’s total holding in Bliss GVS Pharma could rise to nearly 74.2%, including the optional acquisition of remaining shares.
Market Reacts to Potential Change in Control
The announcement has triggered strong market interest as investors assess the long-term implications of the deal. Market participants are closely watching whether the acquisition could eventually lead to strategic restructuring, operational integration, or changes in business priorities at Bliss GVS Pharma.
The sharp rally in the stock also reflects expectations around the mandatory open offer and the broader consolidation trend within the pharma and specialty chemicals sectors.
Bliss GVS Pharma Share Price Snapshot
- Current Price: Rs 368.00 (in early trade)
- Day’s Low: Rs 320.85
- Day’s High: Rs 368.00
- 52-Week Low: Rs 118.00
- 52-Week High: Rs 368.00
- Previous Close: Rs 317.55
- Opening Price: Rs 321.00
- Volume: 54,25,772 shares
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