Phillips Carbon inks with ICICI Bank, stk up 16%

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