The company released a press release on Monday, stating Advent International has entered into definitive agreement to acquire significant stake in the company and intends to explore the merger of  its portfolio company

On Tuesday, the domestic equities continued the upwards journey for the second straight session as low-level buying pushed benchmark indices higher. Lack of major selling reasons in the domestic and global market along with a drop in commodity prices seems to have augured well for the markets. 

At noon on Tuesday, the headline equity indices, i.e. Sensex and Nifty 50 were trading higher by a per cent each. Sensex was at 52,380.30, up by 782.36 points or 1.52 per cent while Nifty 50 was at 15,588.05, up by 237.90 points or 1.55 per cent.