Jubilant Life Sciences was up 4.48% at Rs 526.40, following the announcement of termination of anti-dumping duty on imported pyridine in China.
Meanwhile, the S&P BSE Sensex was down 82.40 points, or 0.20% at 40,569.24.Jubilant Life Sciences on Wednesday (20 November 2019) announced that China has decided to terminate the 17.6% anti‐dumping duty on imported pyridine originating in India.
Pyridine is an organic compound used as an important raw material and solvent in the production of pesticides, drugs, animal feed, food additives and other chemicals.
China had imposed five-year anti-dumping tariffs on Indian and Japanese imports on 21 November 2013.
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