The stock of DIC India is likely to see higher activity this week after the company informed exchanges that its promoter DIC Asia Pacific Pte Ltd has indicated a price of Rs 260 for the proposed delisting. The de-listing offer price is about 10 per cent premium to DIC India’s closing price of Rs 235.5 on Friday. The company said that it will use the reverse book building process to de-list the company and shareholders are free to tender their shares at a price higher that the indicative offer price. While promoters hold 71.75 per cent stake in the company at the end of September 30, about 8,600 individual shareholders control 24.31 per cent stake in the company. However, there is no institutional presence in the company.
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