Alfa Laval highly developed by 18percent and hitted the 52-week high of Rs 2,318.50,

Alfa Laval highly developed by 18percent and hitted the 52-week high of Rs 2,318.50, as the firm will intends to delist stocks from Bombay Stock Exchange & National Stock Exchange. So far, 0.11 lakh stocks have exchanged on the Bombay Stock Exchange as against the couple of week avg volume of 0.03 lakh stocks.

Alfa Laval increased by 18percent and hitted the 52-week high of Rs 2,318.50, as the firm will intends to delist stocks from Bombay Stock Exchange & National Stock Exchange today in a board meeting

Alfa Laval (India) mentioned that it was intending to delist stocks from the trades and the idea would be talked about at firm’s board meeting today (19 September, 2011).
The firm, whose promoter is Sweden based Alfa Laval Corporate AB, provides heat transfer, splitting up and fluid handling technologies.The Swedish company has decided to look for a voluntary delisting of Alfa Laval (India) stocks from the BSE and the NSE.

In a regulatory filing, Alfa Laval (India) mentioned the promoter company would make a delisting provide to acquire up to 2,040,202 stocks, accounting for 11.23percent share in the domestic company.
A meeting of the board has been planned today, to think about and choose the delisting idea and matters_incidental thereto, the filing noted. Presently, the promoter firm holds 88.77percent share in Alfa Laval (India).

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

American Depositary Receipt

American Depositary Receipt American Depositary Receipt (ADR) is known as a negotiable certificate  issued by an american bank stating that a number of stocks in the overseas firm ...…

Four Jumbo Rules of Stock Market Investing

Four Jumbo Rules of Stock Market Investing Choose the right company I have seen most people these days are looking for long term investments in Real Estate stocks like Unitech, DLF just because ...…

What is Lock-in?

What is Lock-in? "Lock-in" implies a freeze on the shares sale for a several time period. SEBI rules have stipulated lock-in needs on stocks of promoters mainly to ...…

What Is Bear Market?

What Is Bear Market? [ad name="468x15- 5 link"] A bear market is happens when a major index encounters a drop of 20% or higher from the most recent high point. ...…

Why India & China Can Be Favorite Destinations For Investments Globally With Reasons

Why India & China Can Be Favorite Destinations For Investments Globally With Reasons India & China, the Asian giants are the only countries in the world to grow more than 8% per annum. China is growing at a ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics