Sudarshan Chemical Shares Surge More Than 5% On NSE After Promotor Unloaded Stake Worth ₹197 Crore

Surdarshan Chemicals shares rocketed up more than 5 per cent on the NSE (National Stock Exchange), exchange filling of the company revealed. Promotor of the company Pradeep Ramwilas Rathi and Subhadra Pradeep Rathi unloaded a 3 per cent stake in company worth Rs 197 crore.

The shares of Sudarshan Chemicals Industries jump up 5.2 per cent to touch the day high level of Rs 1,038.00 per share on the Indian exchanges after hitting the opening bell at Rs 990.10 per share, with a 0.39 per cent surge at the opening bell level.

Surdarshan chemicals shares were trading around Rs 1,029.90 per share on the NSE (National Stock Exchange), with a surge of 4.43 per cent amounting to a Rs 43.65 per share on the bourses.

Details fo the bulk deal

On November 27, 2024, in a significant transaction, Sudarshan Chemical Industries' promoters divested a total of 28.35 lakh shares through open market bulk deals.

Pradeep Ramwilas Rathi sold 7.6 lakh shares, while Subhadra Pradeep Rathi offloaded 20.75 lakh shares. The shares were transacted at Rs 950.00 and Rs 950.04 per share.

Surdarshan chemicals' acquisition of heubech group

One of the biggest pigment producers in the world, the Heubach Group, was acquired by Sudarshan Chemical Industries (SCIL) for EUR 127.5 million (roughly Rs 1,180 crore) on October 11.

SCIL will acquire a 100 per cent share in Heubach Holdings S.a.r.l., a holding company headquartered in Luxembourg that has investments in US and Indian businesses.

The revenue for Heubach in FY21 and FY22 exceeded one billion euros. With a strong presence in important markets, such as Europe and the Americas, the combined company now boasts a broad portfolio of pigments of superior quality.