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The promoters of REIL Electricals India, earlier known as Remy Electricals India, and Sahney Paris Rhone, through a public notice, have intimated their move to acquire 68,450 shares and de-list the shares from the stock exchange.
In a statement made to the BSE, the promoters mentioned that this public announcement is being issued to voluntarily acquire and de-list the shares. The paid-up equity capital of the company comprises 37.75 lakh equity shares of ₹10 each.
Owns 98.19%As of June this year, 98.19 per cent company shares are with the promoters and the rest 1.81 per cent is with the public. The company is engaged in the manufacturing of auto parts and equipment.
A notice copy issued by Bhupinder Singh Sahney — Chairman and Managing Director, Brijween Kaur Sahney, Jasmine Sahney Pillai, Anjana Thakker, Ambita Sahney, Deepika Sahney and Bhupinder Investment Co (promoter/acquirers) said that it was proposed to acquire and voluntarily de-list the equity shares of REIL Electricals.
This is being made pursuant to Regulation 10 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, (Delisting Regulations).
Anand Rathi Advisors is managing the delisting offer to be made during October 18-21.
On Tuesday, REIL shares ended 4.98 down at ₹231.65, on the BSE.
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