Fem Care Pharma rises on takeover buzz

DALAL STREET SPIKES

Fast moving consumer goods (FMCG) company Fem Care Pharma rose 20 per cent to close at Rs 480.60, also its intraday high, on speculation that Dabur India as well as Marico Industries are looking to acquire the company. A total of 7,509 shares changed hands at the Bombay Stock Exchange.

Shares touched an intraday low of Rs 402. Fem Care Pharma is best known as a bleach manufacturer but also makes other consumer products such as anti-ageing cream, soaps and fabric softener.