On May 18, Saint-Gobain Sekurit India Ltd announced that the promoters - Saint Gobain Glass India Ltd and French parent firm Saint-Gobain Securit SA France had decided to delist the company from the Bombay Stock Exchange (BSE). The promoters agreed to buy back the publicly held shares of the company, which constitutes 14.23% of the total equity capital of the company. The promoters also mentioned that the offer price will not be more than Rs 31 per equity share.
On the line from Chennai, Managing Director and Founder of Saint Gobain Glass India, Mr. B Santhanam says that it makes sense for Saint Gobain Glass India and Saint Gobain Sekurit to merge because a lot of businesses are similar.
Below is a verbatim transcript of B Santhanam
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!
