Comments
Alfa Laval India Ltd has announced that the buying back of equity shares under its delisting offer will open on February 15 and close on February 22.
The company has fixed the floor price for each share at Rs 2,045 and an indicative price of Rs 2,850. As per the resolution passed by the Alfa Laval board in September, the company is seeking to delist from the stock exchange.
The promoter holding stands at 88.77 per cent, while the remaining 11.23 per cent, amounting to over 20.4 lakh shares is held by the public, with the total number of shareholders at 10,000. The estimated consideration is a little over Rs 417 crore.
On the BSE, the company’s shares touched a new high of Rs 2,895 before closing 1.26 per cent higher at Rs 2,862.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.