High raw material cost, low realisation the reason
Both domestic and foreign companies are said to be in the fray to acquire the company, popular for its Tirupati brand of edible oil
Markets ended lower amid selling by FIIs and higher-than-expected inflation
Brent crude for June delivery reversed early losses to trade up 43 cents at $109.79 by 0915 GMT, its highest level since March 4
The markets have cracked further in noon trades due to broad-based selling pressure.