Amar Remedies hits roof on stake purchase by Credit Suisse

BSE 24 May 13 | 12:00 AM

11.26		0.53 (4.94%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 532664

Face Value: N.A.

NSE 24 May 13 | 12:00 AM

11.10		0.2 (1.83%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: AMAR

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1 Month	:	Rs	14.84	(-24.12%)
1 Year	:	Rs	151.45	(-92.57%)

Amar Remedies hits roof on stake purchase by Credit Suisse

SI Reporter / Mumbai 22 Dec 10 | 12:15 PM

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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.