Read more about Texmaco Infrastructure & Holdings reports consolidated net profit of Rs 8.53 crore in the March 2021 quarter on Business Standard. Sales decline 27.47% to Rs 3.01 crore
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Texmaco Infra: Adventz Finance proposes ₹58/share as delisting offer
March 05, 2021
× Saroj Poddar-owned Texmaco Infrastructure & Holdings Ltd is considering delisting from the bourses. A part of the Adventz Group, the company has already got Board approval for “voluntary delisting”. Shareholder approvals and other clearances will be sought soon.
One of the promoter firms of Texmaco Infrastructure, Adventz Finance has expressed willingness to buy out public shares and has proposed an ‘indicative offer price’ of ₹58 per equity share.
“Adventz Finance had informed the willingness of the promoter/ promoter group to accept equity shares tendered in the delisting offer at a price of ₹58 per equity share (Indicative Offer Price)….. The indicative offer price represents a premium of 27.87 per cent over the floor price,” the company said in a notice to the bourses. The floor price was determined at ₹45.36 per equity share.
Texmaco Infrastructure & Holdings Limited updates on delisting proposal
Posted On: 2021-02-10 04:34:02 (Time Zone: Arizona, USA)
The Board of Directors of Texmaco Infrastructure & Holdings Limited ( Board ) at its Meeting held today, has noted and placed on record the letter dated 4th February, 2021 received from Adventz Finance Private Limited ( Adventz Finance ), a promoter group entity of the Company expressing the desire of Promoter / Promoter group to acquire equity shares of the Company from the Public shareholders with intention to voluntarily delist the equity shares of the Company from National Stock Exchange of India Limited & BSE Limited where the equity shares of the Company are listed in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 ( Delisting Regulations ).
Texmaco Infrastructure & Holdings consolidated net profit rises 29 72% in the December 2020 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.