Intimation regarding Exit Price of Delisting in accordance with applicable regulation of SEBI (Delisting of Securities) Regulations, 2021
Awaiting price reaction for this filing.
Fedders Electric and Engineering Limited has announced the exit price for its proposed delisting from the stock exchanges, in compliance with SEBI (Delisting of Securities) Regulations, 2021. The exit price is the price at which public shareholders can tender their shares and exit the company as part of the delisting process. Shareholders will have a designated window to tender shares at this determined price. Once the delisting process is completed, the shares will no longer be tradable on the stock exchanges.
Public shareholders can exit at the announced price by tendering their shares during the offer window. After delisting, the stock will no longer trade on NSE/BSE, so remaining shareholders will hold illiquid shares.