Delisting2 May 2026, 05:00 pm
Ras Resorts: Delisting Offer for 23.22% Equity Shares
AI Summary
Ras Resorts & Apart Hotels Ltd announced a delisting offer to acquire up to 9,21,582 equity shares, representing 23.22% of its paid-up equity share capital, from public shareholders. The promoters aim to acquire full ownership and delist from BSE due to disproportionately high listing costs relative to benefits, and low trading volumes. The delisting is subject to shareholder and regulatory approvals, as per SEBI Delisting Regulations, 2021.
Key Highlights
- Ras Resorts proposes to delist its equity shares from BSE.
- Promoters intend to acquire 23.22% of equity shares held by public.
- Delisting is due to high listing costs and low trading volumes.
- Offer is subject to shareholder and regulatory approvals.
- Sobhagya Capital Options Private Limited is the manager to the offer.
Price Impact
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