INEOS Styrolution India Ltd had received a letter dated August 19, 2019 from its promoter, INEOS Styrolution APAC Pte, Ltd, (Promoter), expressing their intention to acquire 43,96,407 fully paid-up equity shares of the Company approximately 25.00% of the paid-up equity share capital of the Company that are presently held by the public shareholders of the Company and consequently voluntarily delist the equity shares of the Company from the stock exchanges where they are listed, namely BSE Limited and National Stock Exchange of India Limited (Stock Exchanges) in accordance with the Delisting Regulations (Delisting Proposal).
The board of directors of the company has appointed ICICI Securities Limited, a merchant banker registered with the Securities and Exchange Board of India (Merchant Banker), to carry out due diligence in accordance with Regulation B of the Delisting Regulations.
Shares of INEOS Styrolution India Ltd was last trading in BSE at Rs.466.05 as compared to the previous close of Rs. 388.4. The total number of shares traded during the day was 172 in over 13 trades.
The stock hit an intraday high of Rs. 466.05 and intraday low of 466.05. The net turnover during the day was Rs. 80160.