Vippy Industries to consider delisting plan

The board of directors of Vippy Industries will meet on January 31 to consider a delisting proposal following the BIFR approval in its December 19 meeting. Earlier, in November 2013, the board had given the nod to purchase the entire public shareholding, representing 4.3 per cent of total equity share capital of the company. It had also approved the structural procedure for purchase by the promoters of the company to delist its equity shares from BSE. The proposal was then presented to BIFR.