Delisting proposal announced for Hexa Tradex Ltd

Sundae Capital Advisors Private Limited, Manager to the Offer, on behalf of Siddeshwari Tradex Private Limited ("Acquirer 1") Innox Global Multiventures Private Limited ("Acquirer 2"), Opelina Sustainable Services Limited ("Acquirer 3"), JSL Limited ("Acquirer 4") (Acquirer 1, Acquirer 2, Acquirer 3 and Acquirer 4 are collectively referred to as the "Acquirers") on behalf of the promoter group of Hexa Tradex Ltd ("Promoter Group"), in accordance with Regulation 8 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 expressing the intention of the Acquirers along with the Promoter Group to (a) acquire all the equity shares of the Company having face value of INR 2 (Indian Rupees Two only) each ("Equity Shares") that are held by public shareholders of the Company; and (b) consequently, voluntarily delist the Equity Shares from the stock exchanges where the Equity Shares are presently listed, namely BSE Limited and National Stock Exchange of India Limited, by making a delisting offer.

Shares of Hexa Tradex Limited was last trading in BSE at Rs. 148.80 as compared to the previous close of Rs. 141.75. The total number of shares traded during the day was 3572 in over 50 trades.

The stock hit an intraday high of Rs. 148.80 and intraday low of 145.35. The net turnover during the day was Rs. 531090.00.

Source : Equity Bulls

Keywords

HexaTradex INE750M01017 DelistingProposal