Promoter rejects discovered price for voluntary delisting of INEOS Styrolution India Limited

The Promoter of of INEOS Styrolution India Limited, namely INEOS Styrolution APAC Pte. Ltd., has decided to reject the discovered price of Rs. 1,100 per Equity Share, determined pursuant to the book building process, and has also decided not to make any counter offer in terms of Regulation 16(1A) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, as amended ("Delisting Regulations").

Shares of INEOS Styrolution India Ltd was last trading in BSE at Rs.879.1 as compared to the previous close of Rs. 886.35. The total number of shares traded during the day was 3634 in over 529 trades.

The stock hit an intraday high of Rs. 900 and intraday low of 869.6. The net turnover during the day was Rs. 3198119.

Source : Equity Bulls

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