The shareholders of Ahmedabad-based Nirma Ltd have passed the special resolution seeking delisting of the firm, the company informed the stock exchanges today.
The percentage of valid votes by all shareholders including promoters was 99.87 per cent, the company said. Nirma, on October 9, had announced that it was delisting from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
It had indicated at that time that the firm was no more a fast moving consumer goods (FMCG) player alone, but had a presence in allied businesses too such as chemicals, pharmaceuticals, cement etc. Analysts interpreted the move as a means to value-unlock in the future.
Shares of Nirma were trading up 0.62 per cent at 1.15 pm today. It hit a high of Rs 231.50 and a low of Rs 227 during morning trade.