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Saint Gobain says promoters propose delisting from BSE

Saint Gobain says promoters propose delisting from BSE
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First Published: Wed, May 18 2011. 08 39 PM IST
Updated: Wed, May 18 2011. 08 39 PM IST
Mumbai: Automotive glass maker Saint Gobain Sekurit India Ltd said on Wednesday its promoters Saint Gobain Glass India Ltd and Saint-Gobain Securit S.A. France have proposed to delist the company from the Bombay Stock Exchange (BSE).
The promoters plan to purchase 14.23% of the company at an offer price of not more than Rs31 per share.
Shares of the company ended at Rs40.7 per share, up 3.69% in a weak Mumbai stock market.
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First Published: Wed, May 18 2011. 08 39 PM IST