Pidilite Industries gains on acquisition of adhesive biz of Blue Coat
The company said it acquired adhesive business of Blue Coat for a cash consideration of Rs 263.57 crore.
)
<a href="http://www.shutterstock.co.in/pic-109765733/stock-photo-cans-with-color-paint-roller-brush-and-color-guide-isolated-on-white-background.html?src=KncAneJ1tnQB7RltTylVKA-3-3" target="_blank">Paints</a> image via Shutterstock.
Pidilite Industries is trading higher by 3% at Rs 406 in early morning deals on NSE after the company said it has completed the acquisition of the adhesive business of Blue Coat Private Limited.
On Monday, September 22, Pidilite Industries which manufactures consumer and specialty chemicals said that its board approved acquisition of the adhesive business of Blue Coat for a cash consideration of Rs 263.57 crore. Blue Coat is a manufacturer of industrial adhesives and textile printing chemicals.
The stock opened at Rs 402 and has seen a combined around 150,000 shares changed hands on the counter on NSE and BSE.
On Monday, September 22, Pidilite Industries which manufactures consumer and specialty chemicals said that its board approved acquisition of the adhesive business of Blue Coat for a cash consideration of Rs 263.57 crore. Blue Coat is a manufacturer of industrial adhesives and textile printing chemicals.
The stock opened at Rs 402 and has seen a combined around 150,000 shares changed hands on the counter on NSE and BSE.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 23 2014 | 9:27 AM IST