Henkel India surges over 15 pc on merger plans with Jyothy Lab

MUMBAI, June 14: Shares of Henkel India Ltd today surged over 15 per cent after the company said its board will meet on Friday to consider the proposal of amalgamation of the company with Jyothy Laboratories.
Buoyed by the announcement, shares of the company opened the day on a robust note and gained 15.38 per cent to Rs 28.50 on the BSE.
Shares of Jyothy Labs also climbed 4.28 per cent to Rs 239.50 on the BSE.
“The board of directors of the company will meet on June 15, 2012, to consider the proposal of amalgamation of Henkel India Ltd (HIL) with Jyothy Laboratories Ltd (JLL),” both the companies had said in separate filings to the BSE yesterday.