Promoters plan delisting of Piramal Glass

Date: 10 February 2014
Source: www.livemint.com

Date: 10 February 2014

Public shareholders will be offered Rs100 for a share as against the stock’s current trading price of about Rs77 a share.

Promoters of Piramal group plan to delist Piramal Glass Ltd. from BSE and the National Stock Exchange (NSE) and buy the shares held by the public, the company announced on Friday.   Public shareholders will be offered Rs100 for a share as against the stock’s current trading price of about Rs77 a share, it said.The promoters will buy back the shares through PEL Management Services Pvt. Ltd, in which Ajay Piramal is a partner.

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