Business Update6 Apr 2026, 05:11 pm
Kabra Commercial Ltd Appoints Intelligent Money Managers Private Limited as Merchant Banker for Kabra Steel Products Ltd Delisting
AI Summary
Kabra Commercial Ltd, the Acquirer/Promoter of Kabra Steel Products Ltd, has appointed Intelligent Money Managers Private Limited as the Merchant Banker/Manager for the proposed voluntary delisting of Kabra Steel Products Ltd from The Calcutta Stock Exchange Limited. This appointment is in accordance with Regulation 9 of the SEBI (Delisting of Equity Shares) Regulations, 2021. The appointment letter and board resolution have been attached for reference.
Key Highlights
- Kabra Commercial Ltd appoints Intelligent Money Managers Private Limited as Merchant Banker for Kabra Steel Products Ltd delisting
- Appointment is in accordance with Regulation 9 of the SEBI (Delisting of Equity Shares) Regulations, 2021
- Kabra Commercial Ltd is the Acquirer/Promoter of Kabra Steel Products Ltd
- The Calcutta Stock Exchange Limited is the only stock exchange where the equity shares of Kabra Steel Products Ltd are listed
- Kabra Commercial Ltd has not sold equity shares of Kabra Steel Products Ltd in the last 6 months and has not engaged in any fraudulent or manipulative acts in connection with the delisting