Vijay Kishanlal Kedia, high net-worth individual (HNI) investor, has purchased 1.33 million equity shares representing 1.92% of the total equity of company at Rs 82 per share through block deal. However, EMSAF Mauritius sold 1.34 million shares at same price.
Vijay Kishanlal Kedia, who held 1.63% stake in the company as of December 2014, increased its holding to 3.55% post acquisition.
Sudarshan Chemical is engaged in the production of organic and inorganic pigments and intermediates and diversified into the production of Agrochemicals. It is a part of the Rathi group of companies and contributes about 70% to the total sales revenue of the Group.
