Floor price is Rs 19.39 per equity share
Insilco announced that the Board of Directors of the Company had received a letter from Evonik Degussa GMBH on 12 November 2014, proposing a voluntary delisting of the equity shares of the Company from the BSE under Securities and Exchange Board of India (Delisting Of Equity Shares) Regulations, 2009 (the "Delisting Regulations") with a view to acquire all the outstanding shares of the Company held by public shareholders amounting to 16,861,685 equity shares representing 26.89% of the issue and paid up share capital of the Company and delist shares of the Company from the BSE. The Delisting Proposal was considered and approved at the meeting of board of directors of the Company on 13 November 2014.Further, Evonik Degussa GMBH has vide its letter dated November 28, 2014, intimated to the Company about the floor price computed in accordance with Regulation 15(2) (a) at Rs 19.39 per equity share.
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