Pricol witnessed a sharp rise in share price on Friday after the board of directors of the company has proposed to acquire 99.99% of stake in a Brazil based auto component manufacturing company through its wholly owned subsidiary incorporated in Spain. The aforesaid company in Brazil achieved sales revenue of Rs 3,011 million during the calendar year 2013.

Shares of the company are trading at Rs 45.40, up Rs 2.65, or 6.20%  at the Bombay Stock Exchange (BSE) on Friday at 12:21 p.m. The scrip has touched an intra-day high of Rs 47.45 and low of Rs 44. The total volume of shares traded at the BSE is 185,182.