The board of Revathi Equipment on Thursday approved the appointment of Inga Ventures Private Limited, as Merchant Banker to carry out the due diligence for delisting of company shares. Earlier, the company ad received a letter from its promoters Renaissance Advanced Consultancy Limited and Hari Investments Private Limited, of their intention for voluntarily delisting of the shares from the stock exchanges. Currently, promoters hold 72.58 per cent stake in the company. The Coimbatore-based industrial machinery company's stock fell almost 4 per cent to ₹592.30 on the BSE. Our Bureau
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.