Eicher delisting at Rs 150/share

Eicher Goodearth, Eicher Goodearth Holdings, Eicher Investments , Eicher Holdings & Vikram Lal & Family has offered Rs 150 per share to shareholders for delisting Eicher from the stock exchanges.

According to a release issued by Eicher to the BSE today, the acquirer (Eicher Goodearth) along with persons acting in concert has offered to acquire up to 28,02,800 equity shares of Rs 10 each representing 25.16% of the fully paid-up equity share capital of Eicher.

"The floor price, which will be the average of the last 26 weeks high & low closing prices, is Rs 91.54. The minimum price at which the acquirer offers to acquire the shares offered to it in the delisting offer is Rs 150 per share. The price represents 63.9% premium to the floor price," the release added.