DIC India is planning to delist itself from the bourses and in this regard, the company’s promoter DIC Asia Pacific has indicated a price of Rs 260 for the proposed delisting of the company. The de-listing offer price is about 10% premium to DIC India’s closing price of Rs 235.5 on November 22, 2013.
At present, the promoters hold 71.75% stake in the company. The individual shareholder held 24.31% stake, while the remaining 3.94% holdings are with the bodies corporate (3.22%) and others.
The company engaged in specialty chemicals business said that it will use the reverse book building process to de-list the company and shareholders are free to tender their shares at a price higher that the indicative offer price.
