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Bhagiradha Chemicals up 62% in 2 days after Ratnabali Investment buys stake

The stock rallied 19% to Rs 333, surging 62% from its Wednesday' low of Rs 206 after Ratnabali Investment and Aditya Goenka bought nearly 15% stakes in agrochemicals company through open market.

Bhagiradha Chemicals up 62% in 2 days after Ratnabali Investment stake buys
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SI Reporter Mumbai
Shares of Bhagiradha Chemicals & Industries have rallied 19% to Rs 333 per share on the BSE in intra-day trade, surging 62% from their Wednesday’s low of Rs 206 after Ratnabali Investment Private Limited and Aditya Goenka bought nearly 15% stakes in agrochemicals company through open market.

“On Wednesday, June 27, 2018, Ratnabali Investment Private Limited and Aditya Goenka had acquired 1.15 million equity shares representing 14.76% stake of the company at price of Rs 206 per share through open market,” Bhagiradha Chemicals & Industries said in a BSE filing.

Ratnabali Group and Aditya Goenka had stake in

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First Published: Jun 29 2018 | 12:37 PM IST

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