Clariant Chemcials shares rise on land sale news

The company is relocating to its Masterbatch plans from Thane

<a href="http://www.shutterstock.com/pic-134231984/stock-photo-recovery-graph.html?src=nF64wIO2Ba4QuG0DcrlQYw-1-69" target="_blank">Market rally</a> image via Shutterstock
Raghavendra Kamath Mumbai
Last Updated : Jul 16 2013 | 7:32 PM IST
 Shares of Clariant Chemicals rose 11.16% today after company said it is looking to sell its land in Kolshet area in Thane, on Mumbai outskirts. The company is relocating its Masterbatch plans from Thane.
 
The 80 acre land parcel may fetch Rs 1500 to Rs 1600 crore for the company, according to reports. The company's shares ended the day at Rs 470. 55, which is 11.16% up from previous close.

More From This Section

First Published: Jul 16 2013 | 3:10 PM IST

Next Story