Chemical manufacturer Elantas Beck India’s shares hit the 20 per cent upper circuit on the back of a delisting proposal from its German promoter. The company’s board has already approved voluntary delisting of shares following the acquisition of its entire stake by Elantas GmbH.
The stock hit an intraday low of Rs 336.1. It closed at Rs 361.65 (a 52-week high). Total traded volumes were 8.5 times higher (1.06 lakh shares) than the two-week average.