 "Tide Water Oil gains on acquiring UK-based firm")
Shares of Tide Water Oil were up nearly 3% at Rs 6,395 on the Bombay Stock Exchange after the company announced the acquisition of UK-based Price Thomas Holdings Ltd (PTHL).
PTHL which is registered in the UK registered gross revenue of 10.92 million British pound and corresponding profit before tax of 0.87 million British pound as on December 31, 2014, Tide Water Oil said in a release.
The cost of the acquisition is 9.59 million British pound, the release added.
The stock opened at Rs 6437 and touched a high of Rs 6,550. At 11:30am, over 9,600 shares were traded on both the stock exchanges.
