Kanoria Chemicals & Industries has acquired the balance 10% stake in APAG Holding AG, Switzerland (APAG). Consequently, APAG has become a wholly owned subsidiary of the company.

On Apr. 20, 2012, the company entered into share and loan purchase agreement with APAG Holding AG, Switzerland (APAG) and acquired stake in APAG.

Shares of the company gained Rs 0.25, or 0.53%, to settle at Rs 47.35. The total volume of shares traded was 43,768 at the BSE (Monday).