Delisting2 May 2026, 09:30 am
Ras Resorts: Delisting Offer for 23.22% Equity Shares
AI Summary
Sobhagya Capital Options Pvt. Ltd., the Manager to the Offer, announced a delisting offer for Ras Resorts and Apart Hotels Ltd. The promoter acquirers intend to acquire up to 9,21,582 equity shares, representing 23.22% of the paid-up equity share capital, to delist the company from BSE. The delisting is aimed at providing an exit opportunity for public shareholders and enabling the promoters to manage the business with greater operational flexibility.
Key Highlights
- Ras Resorts proposes delisting of 39,69,743 equity shares from BSE.
- Promoters aim to acquire 9,21,582 equity shares (23.22%) for delisting.
- Delisting is intended to provide exit opportunity to public shareholders.
- Company cites disproportionately high listing costs as rationale for delisting.
- Sobhagya Capital Options Pvt. Ltd. is the Manager to the Offer.