SENSEX NIFTY
May 21, 2012, 02.18 PM IST | 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.

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.

READ MORE ON  Saint-Gobain Sekurit
Set email alert for

ADS BY GOOGLE

video of the day

Risk is a four letter word: Author Jerome Booth

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.