Twin Star Holdings to buy the remaining 20% in Malco
Twin Star Holdings, a promoter company of Malco, has made an open offer price of Rs 105 for buying the remaining 20% in Malco from retail shareholders, as part of a delisting offer.
By ET Bureau |
MUMBAI: Twin Star Holdings, a promoter company of Malco, has made an open offer price of Rs 105 for buying the remaining 20% in Malco from retail shareholders, as part of a delisting offer.
The open offer is scheduled to open on March 17 and close on March 20, ICICI Securities, the manager to the offer said in a statement issued on Thursday.
Malco, part of the Anil Agarwal-controlled Vedanta Resources, is an aluminium company, where the promoters own 80% of the equity capital.
The ICICI Securities statement said Twin Star Holdings plans to delist Malco from the BSE and NSE.
Shares of Malco were up 5% at Rs 94.95 on the BSE in intra day trading.
The open offer is scheduled to open on March 17 and close on March 20, ICICI Securities, the manager to the offer said in a statement issued on Thursday.
Malco, part of the Anil Agarwal-controlled Vedanta Resources, is an aluminium company, where the promoters own 80% of the equity capital.
The ICICI Securities statement said Twin Star Holdings plans to delist Malco from the BSE and NSE.
Shares of Malco were up 5% at Rs 94.95 on the BSE in intra day trading.
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