The announcement was made after trading hours on Monday, 29 March 2010. Meanwhile, the BSE Sensex was up 51.87 points, or 0.29%, to 17,763.22.

On BSE, 1.37 lakh shares were traded in the counter as against an average daily volume of 18.93 lakh shares in the past one quarter.

The stock hit a high of Rs 267 and a low of Rs 258 so far during the day. The stock had hit a 52-week high of Rs 286.40 on 10 March 2010 and a 52-week low of Rs 219.40 on 23 February 2010. The stock debuted on the bourses in February this year.

The stock had outperformed the market over the past one month till 29 March 2010, rising 9.67% compared with the Sensex's 7.80% rise.

The small-cap supply-chain management firm has an equity capital of Rs 20.50 crore. Face value per share is Rs 10.

The current price of Rs 264 discounts the company's year ended March 2009 EPS of Rs 7.62, by a PE multiple of 34.64.

Aqua said it will acquire a majority stake of 60% in the three Hong-Kong based companies for a total amount of $7.09 million and intends to acquire an additional 15% stake over a 5-year period in tranches.

Aqua Logistics net profit rose 74.8% to Rs 9.84 crore on a 95.8% rise in sales to Rs 213.40 crore in year ended March 2009 over the year ended March 2008. Aqua Logistics is a supply-chain firm, with domain expertise in pharma, automotives, power, retail, heavy engineering, telecom and sports and events.