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Ultramarine & Pigments zooms 20% as Thirumalai Chemicals hikes stake

On Thursday, December 21, 2017, Thirumalai Chemicals purchased 205,226 equity shares representing 0.7% stake in Ultramarine & Pigments at price of Rs 294.85 per share on the BSE

traders reacts as Sensex reached 30,000 mark (Photo: PTI)
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traders reacts as Sensex reached 30,000 mark (Photo: PTI)

SI Reporter Mumbai
Ultramarine & Pigments has locked in upper circuit of 20% at Rs 354, also its 52-week high on the BSE, after Thirumalai Chemicals hike its stake in specialty chemicals company by nearly one percentage point through open market.

On Thursday, December 21, 2017, Thirumalai Chemicals purchased an additional 205,226 equity shares representing 0.7% stake in Ultramarine & Pigments at price of Rs 294.85 per share on the BSE, the bulk deal data shows.

The names of sellers not ascertained immediately.

As of September 2017, Thirumalai Chemicals held 10.43% stake in Ultramarine & Pigments, the shareholding pattern data

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