Shares of Sudarshan Chemical Industries soared 20 percent on October 11, hitting the upper circuit, after the company announced that its unit had acquired Heubach’s global pigment business for ₹1,180 crore. The stock reached a fresh 52-week high of ₹1,217.50 per share on the NSE following the news.
Heubach, a key player in the specialty chemicals sector, is known for its organic and inorganic pigments, dyes, dispersions, and anti-corrosion pigments. The company became the world’s second-largest pigment player after acquiring Clariant’s BU Pigments in 2022.
Sudarshan Chemical’s acquisition of Heubach’s pigment business will expand its product portfolio and significantly boost its market presence in key regions, including Europe and the Americas. The deal is expected to be finalized in the next 3-4 months, further strengthening Sudarshan’s global footprint across 19 sites.
Heubach Colorants India rose nearly 10 percent over the day to touch a high of ₹733.90 on the NSE before losses brought it down to ₹675.90 in the mid-afternoon session.
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Source: Moneycontrol
News Desk
