Jyothy Labs rallies over 15% on heavy volumes

The stock rallied 15.7% to Rs 427, also its record high on BSE in intra-day trade.

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SI Reporter Mumbai

Last Updated : Apr 17 2017 | 11:47 AM IST

Jyothy Laboratories rallied 15.7% to Rs 427, also its record high on BSE in intra-day trade, after a media report suggested that the deadline for Henkel AG to exercise its option to acquire a 26% stake in the company may be extended as the German firm is keen to take at least 50% stake in the Indian company gradually.

The BSE said the Exchange has sought clarification from Jyothy Laboratories Ltd on April 17, 2017, with reference to the news appeared on economictimes.indiatimes.com dated April 17, 2017 quoting "Henkel may Get Until Nov to Buy 26% Stake in Jyothy

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