Pidilite Industries Ltd to acquire adhesive business of Suparshva Adhesives Ltd

www.equitybulls.com
08/19/2013
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The Board of Directors of the Company has approved acquisition of the adhesive business of Suparshva Adhesives Ltd. The slump sale agreement includes Brands, Know-how and other assets pertaining to the adhesive business. The gross turnover for the year ended March 31, 2013 of the business being acquired is less than 1% of the Company's turnover.

Shares of Pidilite Industries Ltd was last trading in BSE at Rs.249.60, down by Rs.6.30 or 2.46%. The stock hit an intraday high of Rs.256 and low of Rs.248.15.

The total traded quantity was 0.28 lakhs compared to 2 week average of 0.34 lakhs.

 

Source: Equity Bulls

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