Revathi Equipment hits 20% upper circuit on voluntary delisting proposal

Board of Revathi Equipment would meet on January 7 to consider the proposal

Shares of Revathi Equipment were locked in 20 per cent upper circuit limit at Rs 565.65, also its 52-week high, on the BSE in Monday's session after the company's promoters came up with a proposal to voluntarily delist the firm.

The company informed the stock exchanges that it has received a letter dated January 3 from the promoters and promoter group of the company with a proposal to voluntarily delist the equity shares of the company from BSE and National Stock Exchange (NSE) in accordance with the SEBI regulations. READ HERE

Pursuant to the aforesaid letter, the