Stocks

Company news: Hindustan wires

| Updated on January 16, 2019 Published on January 16, 2019

Hindustan Wires has informed the exchanges that its Board of Directors at its meeting on January 16 has granted approval to the proposed voluntary delisting of equity shares of the company from the BSE and the CSE. Since the shares of the company are infrequently traded, the board of directors believes that the Delisting Offer presents a liquidity opportunity to the public shareholders of the company and accordingly, the proposed delisting is in the interest of the public shareholders. Shares of the company traded at ₹44.95, up 4.9 per cent on the BSE, on Wednesday.

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Published on January 16, 2019
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