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Clariant Chemicals zooms on acquiring 5.86% stake in Asahi Songwon Colors

15 Feb 2012 Evaluate

Clariant Chemicals is currently trading at Rs. 632.00, up by 13.60 points or 2.20% from its previous closing of Rs. 618.40 on the BSE.

The scrip opened at Rs. 627.75 and has touched a high and low of Rs. 638.00 and Rs. 622.55 respectively. So far 3429 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 854.80 on 27-Jul-2011 and a 52 week low of Rs. 556.15 on 06-Jan-2012.

Last one week high and low of the scrip stood at Rs. 638.00 and Rs. 617.00 respectively. The current market cap of the company is Rs. 1689.76 crore.

The promoters holding in the company stood at 63.40% while Institutions and Non-Institutions held 10.36% and 26.25% respectively. 

Clariant Chemicals (India) has acquired 718,600 shares of Asahi Songwon Colors at market price of Rs 92.50 per share in block deal. The shares are of Rs 10 each representing 5.86% of the paid up equity share capital of Asahi Songwon Colors. 

Clariant Chemicals (India) represents a valuable repository of manufacturing and marketing experience. Its constituents were all well respected companies who played an invaluable role in the development of the textiles, leather, paints, plastics, printing inks and agrochemicals industries in India.

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