Clariant Chemicals (India) rose 2.06% to Rs 658 at 9:19 IST on BSE ahead of the company's board of directors meeting today, 16 December 2013 to consider the proposal for the sale of the business of leather services.
The announcement was made after market hours on Friday, 13 December 2013.
Meanwhile, the S&P BSE Sensex was down 13.39 points or 0.06% at 20,702.19.
On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 31,000 shares in the past two weeks.
The stock hit a high of Rs 663.95 and a low of Rs 650 so far during the day.
Clariant Chemicals (India) after market hours on Friday, 13 December 2013 said that its board of directors will meet on Monday, 16 December 2013, inter alia, to consider the proposal for the sale of the business of leather services pursuant to provisions of Section 293(1)(a) of the Companies Act, 1956 and to consider the issue of notice of postal ballot to the shareholders under Section 192A(2) of the Companies Act, 1956 and Section 110 of the Companies Act, 2013 and for acquisition of Masterbatches business.
Clariant Chemicals (India)'s net profit spurted 640.2% to Rs 123.99 crore on 29.8% growth in net sales to Rs 346.74 crore in Q3 September 2013 over Q3 September 2012.
Clariant Chemicals (India) is a specialty chemicals company.
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