Shreyas Shipping
Shreyas Shipping opens delisting bid at Rs 400 a share, to close on Oct 17
Shreyas Shipping on Wednesday resumed its delisting offer at a counter offer price of Rs 400 per share and the offer will close on October 17. This is the second attempt at delisting after the company's shareholders had tendered shares at a price of Rs 890 per share as against the revised offer of Rs 375 apiece. The revised price was higher compared to the original price of Rs 338 per share announced early last month. Subsequently, the tendering was cancelled and the company decided to make a counter offer. As part of the delisting process, the counter offer bidding period for public shareholders of Shreyas Shipping at Rs 400 per share will start from October 11 and close on October 17, the parent company Transworld Holdings said in a note. The share price of the company was Rs 262 per share on May 19 (pre-delisting announcement) and the counter offer price is at a 52.7 per cent premium to the pre-announcement price. On a 60-day weighted average price, the floor price was Rs 292 a
 "Shreyas Shipping opens delisting bid at Rs 400 a share, to close on Oct 17")
Shreyas Shipping zooms 20% as board to mull delisting plan on May 24
The company said delisting proposal will provide the public shareholders an opportunity to realise immediate and certain value for their equity shares.
 "Shreyas Shipping zooms 20% as board to mull delisting plan on May 24")
Shreyas Shipping gains on pact with SCI
The arrangement will help strengthen costal shipping and expand its presence on East-West trade lane
