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| Exchange Disseminated Time | Sundram Fasteners Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 07, 2014, inter alia, has approved a proposal for delisting of its Equity shares from the Madras Stock Exchange Limited (MSE), consequent to the voluntary de-recognition and exit of MSE as per the circular dated May 30, 2012 issued by Securities and Exchange Board of India (SEBI).
The proposed delisting of the shares from MSE will be subject to the compliance of the required formalities, in terms of SEBI Delisting Regulations, without any exit opportunity to the public shareholders of the Company, as the Equity shares of the Company will continue to remain listed on BSE Limited, Mumbai (BSE) and the National Stock Exchange of India Limited, Mumbai (NSE), which have nationwide trading terminals. |
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