MoneyWorks4Me

Malabar India Fund buys 2.65 lakh shares of Adi Finechem

10 Sep 2014 Evaluate

Malabar India Fund has bought 2.65 lakh shares or 2.12% stake of Adi Finechem through the open market route. The shares were purchased on an average price of Rs 270 valuing the transaction to Rs 7.17 crore.

Adi Finechem is engaged in the manufacturing of specialty chemicals like Mixed Tocopherol Concentrate, Sterols, Dimer Acid and Linoleic Acid which find application in various industries like neutraceuticals, paints, printing ink, detergents, adhesives, etc.

Peers
Company Name CMP
Godrej Industries 1096.05
SRF 2550.00
BASF India 3542.15
Pidilite Inds. 1556.95
Tata Chemicals 663.15
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