Alfa Laval has rallied 15% to Rs 2,268 after the company said it is seeking voluntary delisting from both the BSE and the NSE following the promoter company's decision to acquire shares constituting 11.23% of its equity capital.
“In a letter dated September 16, Alfa Laval Corporate AB, Sweden, the promoter company, informed the company of its decision to seek voluntary delisting of the shares of the company from the stock exchanges," the company said in a filing to the stock exchanges.
The promoter has requested the board to consider and approve the delisting proposal and seek the approval of the shareholders for the same in terms of the delisting regulations, the filing adds.
The stock touched an all-time high of Rs 2,280 in morning deals. More than 1,000 shares have changed hands at open.