PI Drugs to purchase Pharma Division of Transchem Ltd

PI Drugs & Pharmaceuticals Ltd has announced that the Company has agreed to purchase, on a slump sale basis, as a going concern, the pharma division of Transchem Ltd., a public Ltd listed Company having its registered office at Thane (West), for a consideration of Rs 30,00,00,000/-.

The Stock closed the day at Rs.66, up by Rs.3.55 or 5.68%. The stock hit an intraday high of Rs.68.95 and low of Rs.63.20. The total traded quantity was 8182 compared to 2 week average of 2746.

The Transchem Stock closed the day at Rs.20.75, up by Rs.1.85 or 9.79%. The stock hit an intraday high of Rs.20.75 and low of Rs.19.90. The total traded quantity was 12050 compared to 2 week average of 10274.

Source : Equity Bulls

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