Alfa Laval delisting offer evokes huge investor response
Alfa Laval delisting offer evokes huge investor response on day 1 with 1.68 lakh shares being tendered
February 15, 2012 / 18:47 IST
Alfa Laval delisting offer evokes huge investor response on day 1 with 1.68 lakh shares being tendered
Attracting huge investor response on day one, Alfa Laval delisting offer already got 8.25% of the 20,40,202 shares on offer in delisting buyback, which is 1,68,334 shares being tendered. It is a largest first day response for the delisting offers on day one in the recent past. The current public shareholding is 11.23 %, which is 2,040,202 shares and for the offer to be successfully delisted minimum 50 % of the shares i.e. 1,020,101 shares should be subscribed to the offer.Most of the offers came at a price range between Rs 2850 - Rs 3150. The company had given the indicative offer price of Rs 2850, however, market feels the offer is likely to get completed around Rs 3100 - Rs 3150 per share. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
