BOC India hits 20% upper circuit on delisting plans
Shares of BOC India were locked at 20 per cent upper circuit after the company announced that it received proposal from Linde Holdings Netherlands to voluntarily delist equity shares from stock exchanges.
By ET Bureau |
MUMBAI: Shares of BOC India were locked at 20 per cent upper circuit after the company announced that it received proposal from Linde Holdings Netherlands to voluntarily delist equity shares from stock exchanges.
The company plans to purchase 8,975,930 equity shares representing 10.52 per cent of the issued and paid up equity share capital of the company.
The acquirer, a part of the promoter group of the company, shall acquire all the equity shares tendered in the delisting offer at a final price not lower than Rs 225.29 per share.
At 11:50 am, the stock was at Rs 287.45, up Rs 47.90 or 20 per cent on the BSE. The total traded quantity surged to 10.81 lakh shares against two-week weighted average of 1.80 lakh shares.
The company plans to purchase 8,975,930 equity shares representing 10.52 per cent of the issued and paid up equity share capital of the company.
The acquirer, a part of the promoter group of the company, shall acquire all the equity shares tendered in the delisting offer at a final price not lower than Rs 225.29 per share.
At 11:50 am, the stock was at Rs 287.45, up Rs 47.90 or 20 per cent on the BSE. The total traded quantity surged to 10.81 lakh shares against two-week weighted average of 1.80 lakh shares.
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