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543275 Anupam Rasayan India News Story

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India's Bliss GVS Pharma gains on Anupam Rasayan's plan to buy stake

** Bliss GVS Pharma BLIS.NS stock rises more than 2% to 307.35 rupees, Anupam Rasayan India ANUY.NS down 1.5%

** Specialty chem firm ANUY to buy up to 74.2% Bliss stake, according to filing

** 45.8 mln shares, equivalent to 43.3% stake, for up to 13.7 bln rupees ($143.7 mln) from promoters and investors, 26% stake from public shareholders worth 8.29 bln rupees

** ANUY also has an option to acquire another 4.9% residual stake from sellers

** YTD, BLIS up about 88% and ANUY up around 2%

($1 = 95.3675 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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