Amar Remedies hits roof on stake purchase by Credit Suisse
Amar Remedies has frozen at the 5% upper circuit filter limit at Rs 106 after Credit Suisse purchased 131,262 shares of the company through a bulk deal on Tuesday on the BSE.
The foreign investor purchased around 0.5% stake in the commodities trading and distribution company at an average market price of Rs 100.90 a share. The company has not disclosed the name of the seller.
The stock of Amar Remedies opened at Rs 104 and froze at the maximum upper limit of the day after a few hours of trading. As many as 133,000 shares have already changed hands on the counter so far and there are pending orders for 45,695 shares on the BSE.
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