Phillips Carbon gains on overseas buy-out reports

MUMBAI: Phillips Carbon has been looking to acquire Evonik Industries’ carbon black business, say reports. The company plans to grow through acquisitions as well as set up manufacturing facilities overseas.

The stock was at Rs 139.90, up 4.64 per cent on the NSE. It touched a high of Rs 160 and low of Rs 138.10 in trade so far on volume of 6.63 lakh shares.