Binani Ind acquires 100% stake in 3B; stock up 5%

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Binani Ind acquires 100% stake in 3B; stock up 5%

Binani Industries has acquired 100% stake in 3B from Platinum Equity for 275 million Euro, reports CNBC-TV18.

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Binani Industries has acquired 100% stake in 3B from Platinum Equity for 275 million Euro, reports CNBC-TV18.

3B is a Belgium-based fibreglass company.

The stock touched an intraday high of Rs 116.65 and an intraday low of Rs 112.55. At 09:29 hrs the share was quoting at Rs 116.65, up Rs 5.55, or 5%.
 
There were pending buy orders of 12,082 shares, with no sellers available. It was trading with volumes of 2,723 shares.

In the previous trading session, the share closed up 0.95% or Rs 1.05 at Rs 111.10.