Piramal Enterprises share rises 3% on acquisition of Hemmo Pharmaceuticals
Piramal Enterprises share price gained as much as 3.28 per cent to hit a high of Rs 1,809.55 on the BSE
BusinessToday.In | April 1, 2021 | Updated 11:11 IST
Piramal Enterprises share gains over 3%
Shares of Piramal Enterprises surged over 3 per cent in opening trade on Thursday after the company announced the acquisition of Hemmo Pharmaceuticals Private Limited by Piramal Pharma Limited, subsidiary of the company.
Boosted by the development, Piramal Enterprises share price gained as much as 3.28 per cent to hit a high of Rs 1,809.55 on the BSE. The stock opened higher at Rs 1,799 against previous close price of Rs 1,752. The market cap of the diversified global business conglomerate rose to Rs 40,360.09 crore. On the volume front, 18,000 shares have changed hands over the counter as compared to two-week average volume of 67,000 shares.
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Synopsis
The company has launched i-feel Gentle Intimate Wash which would be initially available in the West Bengal market and on all leading e-commerce platforms.
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Piramal Pharma on Monday said its consumer products division has forayed into the feminine intimate care category.
The company has launched i-feel Gentle Intimate Wash which would be initially available in the West Bengal market and on all leading e-commerce platforms.
Piramal said it has also roped in movie actress Yami Gautam as the brand ambassador for the product. We are confident that the launch of Piramal s i-feel would provide women with a contemporary and trusted solution for their intimate hygiene needs. Our association with leading Bollywood actress Yami Gautam will lend a modern Indian woman s perspective to i-feel , an ethos central to the brand itself, Piramal Pharma Ltd Chairperson Nandini Piramal said in a statement.