The shares of Phillips Carbon Black rose by 16%, hitting the weekly high of Rs152, on reports the company has tied up debt of $900 million from ICICI Bank for its planned bid for the carbon black business of Evonik Industries. So far, over 2.05 lakh shares have traded on the BSE as against the two-week average volume of 1.33 lakh shares
The Sensex is up 20.90 points at 27676.86 and the Nifty is up 5.50 point at 8566.80.
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