Shares of Gujarat Fluorochemicals surged 12% to Rs 483 on the Bombay Stock Exchange after the company announced that Inox Wind Infrastructure Services Limited, a step down Subsidiary of Gujarat Fluorochemicals Limited, has acquired 100% of Equity Shares of Vinirrmaa Energy Generation Private Limited with effect from January 23, 2016.
Following the acquisition, Vinirrmaa Energy Generation Private Limited has now become step down Subsidiary of Gujarat Fluorochemicals Limited, the release added.
The stock opened at Rs 451 and touched a high of Rs 493. At 12:40pm, over 108,000 shares were traded on both the stock exchanges.
