Voluntary delisting proposed for Consolidated Finvest & Holdings
CONSOFINVT · price
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On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.4 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter group firm Concatenate Advest Advisory, with PAC Jindal India Powertech, proposes to voluntarily delist Consolidated Finvest & Holdings from NSE. They plan to buy all 81.17 lakh public shares at a price to be set via reverse book building. Promoter group currently holds 74.89 percent. Floor price will be determined under SEBI delisting rules and shared later.
Public shareholders get an exit opportunity at a discovered price. Promoter group seeks full ownership and listing cost savings.