HIL acquires pipes brand Topline for ₹265 Crore India Infoline
The firms include Topline Industries, Aditya Polytechnic, Aditya Industries, and Sainath Polymers.
Source: indiainfoline.com
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Source: siliconindia.com
Carnage in Small-cap Stocks Continue - Tuesday Closing Report
On Tuesday, 669 stocks advanced, 3224 declined and 74 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.20, indicating negative closing of stocks in broader markets.
Source: moneylife.in
HIL Limited: CK Birla-promoted HIL acquires pipes brand Topline for Rs 265 crore
HIL Limited acquires Topline brand and four associated companies, expanding their presence in the PVC pipes segment. The acquisition nearly doubles their SKU offerings and provides access to patented technologies. It enhances their brand, presence in government projects, and strengthens their position in the Indian market.
Source: indiatimes.com