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| Exchange Disseminated Time | Suashish Diamonds Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 11, 2013, inter alia, to review and consider the proposal of Voluntary Delisting of Security (Equity Shares) of the Company from the Bombay Stock Exchange Limited, Mumbai in terms of SEBI (Delisting of Equity Shares) Regulations, 2009.
The Company has received a letter from Mr. Ashish Goenka, promoter, who proposes to make an offer to acquire shares from the public at an indicative price upto Rs. 230/- per share, subject to his right under delisting regulations to accept or reject any price discovered under the reverse book building process as per regulations.
The Promoter has stated that in the event the voluntary delisting offer is not successful, the promoters shall try and take other necessary steps to ensure compliance with requirements of Minimum 25% Public Share Holding in terms of listing agreement. |
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