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Mumbai: A subsidiary of Alfa Laval (India), Sweden-based Alfa Laval Corporate ABLtd. today said its parent company has increased the delisting offer price to Rs 2,850 per share.
In a filing with BSE, Alpha Laval India said that its parent company has increased the delisting offer price “keeping in view the prevailing market conditions and with a view to reward the shareholders”.
However, the company further said, “The offer price should in no way be treated as ceiling or ceiling price for the purpose of reverse book-building process and the public shareholders can tender their equity shares at any price exceeding the indicative price.” Free to do. Price offered.”
Reacting to the news, the company’s shares closed at Rs 2,710.85 per piece, up 14.40 per cent on the BSE. In intra-day trade, the stock touched a 52-week high of Rs 2,742.
The entity offering Heat Transfer, Separation and Fluid Handling Technology will be delisted from BSE and National Stock Exchange,
In September 2011, the company’s board accepted the delisting proposal and fixed a floor price of Rs 2,045 per share to buy out the outstanding public float in October.
Alfa Laval (India) had said the promoter firm would make a delisting offer to acquire 2,040,202 shares, which would hold 11.23% stake in the domestic entity.
Presently, the promoter company holds 88.77 per cent stake in Alfa Laval (India).
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