Delisting16 May 2026, 09:51 pm
Ras Resorts Considers Delisting; Floor Price at ₹43.73
AI Summary
Ras Resorts & Apart Hotels Ltd's board approved a proposal for voluntary delisting of equity shares from BSE, subject to shareholder and regulatory approvals. The decision follows an intention letter from promoters Mr. Vishamber and Mrs. Nalini Shewakramani. The floor price for the delisting offer is set at ₹43.73 per share, with an indicative price of ₹56. The board has also approved seeking shareholder approval via postal ballot and e-voting.
Key Highlights
- Ras Resorts board approved voluntary delisting from BSE.
- Delisting is subject to shareholder and regulatory approvals.
- Floor price for delisting offer is ₹43.73 per share.
- Indicative delisting price is ₹56 per share.
- Shareholder approval will be sought via postal ballot and e-voting.