Delisting ratio to keep Hira Ferro in focus

Shares of Hira Ferrro Alloys will remain active in the next few days, as the delisting offer ends on Wednesday. The company, which set a floor price of ₹20 for the delisting offer, received bids for 37.75 lakh shares as against the offer for 53.78 lakh shares. For the delisting offer to be successful, the promoter’s stake should touch 90 per cent post-offer. Shares of Hira Ferro on Tuesday closed at ₹29.95. The company would return the shares/money based on the response by July 2.