Henkel India locked at 5% lower circuit

Henkel India was locked at 5% lower circuit for the second consecutive session on Tuesday due to profit booking. In previous two days, the stock had rallied 24% on the back of merger announcement.

On Friday, Jyothy Labs said it would complete merger of Henkel India with itself in the next six-to-eight months and would issue one share of the company to Henkel's shareholders for every eight shares held by them in Henkel.
 
At 12:52 hours IST, the share was trading at Rs 27.70, down 4.97% and there were pending sell orders of 19,937 shares, with no buyers available.
 
Market capitalisation of the company currently stands at Rs 322.59 crore.