MATRIX LABORATORIES surged by 19.98 per cent to close at Rs 141.40 after the parent company Mylan Inc said that it plans to acquire the remaining 29 per cent stake in it and delist it from the stock exchanges.
Since the announcement was made before trading hours, the scrip opened at Rs 141.40 as against its previous close of Rs 117.85. A total of 29,080 shares of Matrix labs were traded on the BSE. The stock’s price has jumped by 34.86 per cent in the last one week and 51.07 per cent in the last one month.