Binani Industries to delist Binani Cement

Binani Industries to delist Binani Cement
20 January 2011

Binani Industries Ltd will delist its flagship company Binani Cement Ltd from the bourses to consolidate its shareholding, the Braj Binani Group company said in a notification in The Financial Express newspaper today.    

The floor price for the delisting has been set at 82 rupees a share.     The company will invite offers for sale of shares between Feb 7 and Feb 11. It will determine the delisting price of the share from these offers.    

Currently, Binani Industries owns 69.9% stake in Binani Cement.
Published under Cement News