Sudarshan Chemical shares rally 4% after promoters sell stake via block deals

November 28, 2024

Sudarshan Chemicals’ promoters, Pradeep and Subhadra Rathi, sold a 3% stake (28.35 lakh shares) for Rs 197 crore. Buyers included Boon Investment, Jovial Investment, and Blue Diamond Properties. This follows the company’s agreement to acquire Germany’s Heubach Group. Sudarshan Chemical’s shares closed at Rs 986.45 on Wednesday.

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