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May 21, 2012, 02.18 PM | Source: Moneycontrol.com

Saint-Gobain Sekurit up 5% on delisting buzz

Shares of Saint-Gobain Sekurit, a glass manufacturer, were locked at 5% upper circuit on Monday after company announced indicative offer price of Rs 31 a share for delisting. Parent company Saint-Gobain holds 85.77% stake in Indian subsidiary.

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Saint-Gobain Sekurit up 5% on delisting buzz

Shares of Saint-Gobain Sekurit, a glass manufacturer, were locked at 5% upper circuit on Monday after company announced indicative offer price of Rs 31 a share for delisting. Parent company Saint-Gobain holds 85.77% stake in Indian subsidiary.

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Shares of Saint-Gobain Sekurit , a glass manufacturer, were locked at 5% upper circuit on Monday after company announced indicative offer price of Rs 31 a share for delisting. Parent company Saint-Gobain holds 85.77% stake in Indian subsidiary.
 
The delisting offer will open for shareholders on June 5 and close on June 11, 2012, reports CNBC-TV18.

At 14:06 hours IST, the share was trading at Rs 63.30, up 4.98%. Market capitalisation of the company stands at Rs 576.70 crore.

There were pending buy orders of 329,507 shares, with no sellers available. Its trading volumes increased 20% to 1,51,766 shares as compared to its 5-day average of 126,860 shares.

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