Sweden-based Alfa Laval Corporate AB is considering delisting its Indian business Alfa Laval (India) from the Indian exchanges. However, the probability of this happening seems very low to Yogesh Radke, senior manager (institutional equities) of Quantitative Research Desk at Edelweiss Capital.
Currently, the Alfa Laval's promoters hold 16.1 million shares or 88.77% of the paid-up equity share capital. "Its current retail holding is at 10.5%, which is above the acceptable limit of 5.5%. Thus, the probability of the company getting delisted is slightly low," he told CNBC-TV18.
He recommended a long basket for stocks like Goodyear, Timken and BOC India which have a strong promoter holding. He expects these companies to announce delisting in a couple of days.
Currently, the Alfa Laval
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