GOCL Corp leaps 12% on divestment of partial stake in Quaker Houghton

Shares of GOCL Corporation surged as high as 12.5 per cent to Rs 207 on the NSE on Monday after the company said its UK subsidiary, HGHL Holdings, has decided to divest 2 lakh shares of Quaker Houghton at a price of Rs 175 per share.

HGHL Holdings has beneficial interest in 4.27 lakh shares of common stock of Quaker Chemical Corporation/Quaker Houghton, USA, GOCL Corporation said in an exchange filing.

"The Board of Directors of HGHL has, at its Meeting held on 18th September 2020, decided to divest 2,00,000 shares of Quaker Houghton, at a price of $175 per share. The