Berger Paints India, the second largest producer of paint in the country, rose 4.49 per cent to close at Rs 41.85 after it acquired Bolix from Advent International, a global private equity group. The company made the announcement after market hours on August 18 (Monday).
Bolix is a leading provider of external insulation finishing systems (in the business-to-business segment) in Poland, with an annual turnover of $ 45.5 million in 2007. The stock made an intraday high/low of Rs 45.5 / Rs 41.55. The total quantity traded was 2,69,171 shares.
