Ledo Tea Company Limited board approves delisting of shares

The Board of Directors of Ledo Tea Company Limited at its meeting held on 25.11.2020 has considered the proposal of delisting of shares of the company from BSE Limited and approved the same in principle and in compliance with regulation 8(1A)(ii) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 and subsequent amendments thereto ["Delisting Regulations"] has appointed Mis. VC Corporate Advisors Private Limited as the Merchant Banker to carry out the Due Diligence for the purpose of delisting of Ledo Tea Company Limited from BSE Limited ('BSE') i.e., the only Stock Exchange where the equity shares of the Company are listed, in compliance with regulation 8(1E) of the Delisting Regulations. The report of the Merchant Banker is expected to be placed before the Board or any committee accordingly.

Shares of LEDO TEA CO.LTD. was last trading in BSE at Rs.33.85 as compared to the previous close of Rs. 32.25. The total number of shares traded during the day was 100 in over 1 trades.

The stock hit an intraday high of Rs. 33.85 and intraday low of 33.85. The net turnover during the day was Rs. 3385.

Source : Equity Bulls

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