Avery India shares surged 13.17 per cent to close the day at Rs 97.5 on the announcement that its promoter AV Co 3 plans to delist its Indian unit. AV Co 3, which holds 78.28 per cent in the company, is planning to acquire the remaining stake.
Avery's board has called for an EGM on June 4 to consider the proposal of voluntary delisting. The stock hit an intraday high of Rs 103.35 and a low of Rs 96.3.
