Gillette India has dipped nearly 6% to Rs 2,070, declining over 10% from early morning high, after the multinational personal products maker said the company has no plans for an open offer or delisting.
The company has made a clarification on the news item appearing in a leading financial daily titled "Delisting Buzz Fuels Gillette Stock Surge."
The said news regarding possibility of an open offer by the company or delisting of the company is untrue, Gillette India said in a statement.
In fact, the company has recently successfully completed a sell-down of shares to deliver compliance with SEBI's minimum public shareholding requirement, it added.
The stock opened at Rs 2,212 and touched a high of Rs 2,314 on the BSE. A combined around 120,000 shares changed hands on the counter till 1450 hours on the BSE and NSE.
The company has made a clarification on the news item appearing in a leading financial daily titled "Delisting Buzz Fuels Gillette Stock Surge."
The said news regarding possibility of an open offer by the company or delisting of the company is untrue, Gillette India said in a statement.
In fact, the company has recently successfully completed a sell-down of shares to deliver compliance with SEBI's minimum public shareholding requirement, it added.
The stock opened at Rs 2,212 and touched a high of Rs 2,314 on the BSE. A combined around 120,000 shares changed hands on the counter till 1450 hours on the BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%