ICICI Securities has informed that the Promoter, namely INEOS Styrolution APAC Pte, has decided to reject the discovered price of Rs 1,100 per Equity Share, determined pursuant to the book building process, and has also decided not to make any counter offer in terms of Regulation 16(1A) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, as amended (‘Delisting Regulations’). In terms of Regulation 18 of the Delisting Regulations, the post offer public announcement will be published in the same newspapers in which the public announcement under Regulation 10 was made. A copy of the post offer advertisement will be filed for the reference and records.
The above information is a part of company’s filings submitted to BSE.
