India Nippon Electricals Ltd to delist from MSE

The Board of Directors of India Nippon Electricals Ltd at its meeting held on February 09, 2015, approved the proposal for delisting of the Company's Equity Shares from Madras Stock Exchange Ltd, Chennai, (MSE) consequent upon the voluntary de-recognition and exit of MSE as per the circular dt. May 30, 2012 issued by the Securities and Exchange Board of India (SEBI). Moreover, the Company has been facing queries on delisting from MSE from the shareholders of the Company at the AGM for the past few years.

The Company is in the process of filing an application with MSE for voluntary delisting of the stocks of the Company.

Shares of INDIA NIPPON ELECTRICALS LTD. was last trading in BSE at Rs.406 as compared to the previous close of Rs. 405.2. The total number of shares traded during the day was 426 in over 32 trades.

The stock hit an intraday high of Rs. 409 and intraday low of 406. The net turnover during the day was Rs. 173181.

Source : Equity Bulls

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