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Nirma makes exit offer to residual shareholders
FMCG firm Nirma has made an exit offer to the remaining shareholders to tender their shares till March next year following its plans to delist from bourses, reports msn.
FMCG firm Nirma has made an exit offer to the remaining shareholders to tender their shares till March next year following its plans to delist from bourses, reports MSN India.
In January, the firm had fixed the offer price for acquisition of 3.63 crore outstanding shares held by public held at Rs 260 a piece to delist from the stock exchanges, the report says.
It set February 4 as the deadline for payment to shareholders who have accepted the offer. Post the offer, the promoter group increased the holding in the company to 90.82 per cent, the report adds.
"The acquirers (company) hereby provide an exit offer opportunity to public shareholder holding offer shares in the company (residual shareholders)," Nirma said in a filing to the Bombay Stock Exchange.
