India's Sudarshan Chemical gains on unit buying Heubach's pigment ops

Sudarshan Chemical Industries

04/03/2025 10:01

** Sudarshan Chemical Industries SDCH.NS rises 2.9% to 855.4 rupees

** Color and pigment maker's Europe unit completes acquisition of Germany-based Heubach Group's global pigment business ops for cash consideration of 127.5 mln euros ($134 mln)

** Co paid additional 29.4 mln euro on account of adjustments for inventory, working capital, VAT

** More than 179,000 shares traded, slightly above its 30-day avg

** Stock rated "buy" on avg; median PT is 1008.5 rupees - data compiled by LSEG

** SDCH down 25% YTD, after more than doubling in 2024

($1 = 0.9510 euros)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))