Pidilite Industries witnessed a gain in share prices on Tuesday after  the company said it has completed the acquisition of the adhesive business of Bluecoat. The acquisition was on a slump sale basis for a cash consideration of Rs 2.63 billion.

Shares of the company are trading at Rs 403, up Rs 9.5, or 2.41% at the Bombay Stock Exchange (BSE) on Tuesday at 10:01 a.m. The scrip has touched an intra-day high of Rs 407.70 and low of Rs 400. The total volume of shares traded at the BSE is 31,503.

Pidilite Industries is the largest adhesive manufacturer in India. It also has worldwide presence in adhesives, art material, construction chemicals and other industrial chemicals.