Value of delisting offers at record-high amid pandemic surge, shows data

Acquired amount also among highest on record

The amount offered by majority shareholders to take their companies off bourses has been the highest in the current financial year, compared to the last 17.

The value of such delisting offers in FY21, so far, stands at a record Rs 22,165.5 crore, show numbers from Prime Database.

With one month still to go in the financial year, this is already the highest since records are available — since FY04. It is a whopping 4x the previous high of Rs 5,479.4 crore in FY16.

During delisting, majority shareholders (promoters) buy back shares from the public to take the company off the stock market.

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