The delisting offer to the shareholders of Riddhi Siddhi Gluco Biols (from Ganpatraj L Chowdhary, promoter) opens on Tuesday and closes on March 12. The floor price for the offer is ₹510. The acquirer plans to mop up 17.966 lakh shares, representing 25.18 per cent of its equity capital. Upon the combined shareholding of the promoter/promoter group reaching a minimum of 90 per cent of the equity, the company will seek to voluntarily delist its shares from the BSE.
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.