Alfa Laval (India) today said it was planning to delist shares from the exchanges and the proposal would be discussed at company's board meeting on September 19.
The company, whose promoter is Sweden-based Alfa Laval Corporate AB, offers heat transfer, separation and fluid handling technologies.
The Swedish entity has decided to seek a voluntary delisting of Alfa Laval (India) shares from the Bombay Stock Exchange (BSE) and the National Stock Exchange.
In a regulatory filing, Alfa Laval (India) said the promoter firm would make a delisting offer to acquire up to 2,040,202 shares, accounting for 11.23% stake in the domestic entity.
"...A meeting of the board has been scheduled on September 19, 2011, to consider and decide on the delisting proposal and matters incidental thereto," the filing noted.
Currently, the promoter company holds 88.77% stake in Alfa Laval (India).
Shares of the company closed marginally up at Rs 1,960 on the BSE.
