Delisting2 May 2026, 06:01 pm
Ras Resorts: Board Approves In-Principle Delisting
AI Summary
The Board of Directors of Ras Resorts & Apart Hotels Ltd. approved in-principle the voluntary delisting of the company's equity shares from BSE Limited, subject to necessary approvals. The decision follows a Letter of Intention from the Promoter/Promoter Group to acquire all equity shares held by public shareholders. M/s. Parikh and Associates were appointed as Peer Review Company Secretaries for due diligence.
Key Highlights
- Ras Resorts' Board considered and approved the proposal for voluntary delisting from BSE.
- The decision is subject to shareholder, stock exchange, and regulatory approvals.
- M/s. Parikh and Associates appointed for due diligence as per SEBI regulations.
- Promoter/Promoter Group expressed intention to acquire all public equity shares.