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Frontline Sec
BSE: 533213NSE: ISIN: INE773B01020

16th-Jul-2020 22:49Source: BSE

Frontline Securities - Updates On Delisting Offer

We have received a letter dated July 16, 2020 from the Acquirers (i.e. Hope Consultants Limited, Rakesh Kumar Jain and Prerna Jain) confirming in terms of Regulation 15(1) of the SEBI Delisting Regulations, the Discovered Price (being the price at which the shareholding of the Promoter Group reached 90% pursuant to the Equity Shares tendered in the Reverse Book Building Process) is Rs. 36.08 (Rupees Thirty Six and Eight Paise Only) per Equity Share. The Acquirers have further accepted the Discovered Price of Rs. 36.08 (Rupees Thirty Six and Eight Paise Only) per Equity Share (the ''Exit Price'') as the final Exit Price for the Delisting Offer.

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