Rhodia Specialty Chemicals- Delisting Indicative Price Rs.675

Book Building Process

 Bid Opening Date : 14-03-14

Bid Closing Date : 20-03-14

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OLDER POSTS

Rhodia Specialty Chemicals- Delisting- RBB-Rs.442/64p-Floor Price

Rhodia Speciality Chemicals India Limited has initiated the process of Delisting.

Postal Ballot , in this regard , is underway.

Rhodia UK Ltd and Solvay Participants France S.A.S. currently hold 91: 33 % of Equity ( out of this , Solvay holds 18:4 % ).

Indicative Price for the Reverse Book Building ( RBB ) is Rs. 442 / 64 p

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OLD POSTS 

Rhodia Speciality Chemicals ( Albright And Wilson ) Open Offer / Delisting ??

 Rhodia Speciality Chemicals India Limited ( earlier named Albright And Wilson Chemicals India Limied , earlier incorporated in 1965 as Albright Morarji And Pandit Limited ( of Dharamsi Morarji Chemical Company -DMCC Group )

For More on Rhodia Specialty Chemicals India Limited , Please Click :-

http://www.rhodia-chemicals.co.in/

http://www.moneycontrol.com/india/stockpricequote/chemicals/rhodiaspeicialitychemicalsindia/AWC

For Delisting Background , Please Click ( refer Post of 06-03- 12 )- :-

http://www.sebi.gov.in/cms/sebi_data/commondocs/rhodiacorrigen_p.pdf

http://www.theequitydesk.com/forum/forum_posts.asp?TID=3548

Open Offer

Opens :- 23-04-13

Closes :- 13-05- 13

Offer Price :-

1 ) Rs. 835 / 82 p for Original Shareholders   ( who tendered their Shares in the Year 2000 )

2) For Others the Offer Price is Rs.386 / 72 p                                                                                            

For Open Offer Details , Please Click :-

http://www.sebi.gov.in/cms/sebi_data/commondocs/rhodiaspcorri_p.pdf

(  To Enlarge Click on + )

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After receiving approval from The Hon'ble Bombay High Court , Rhodia Speciality has cancelled the shares of Non Promoters  ( total 55,681 shares and paid them @ Rs.1200 Per Share , in June , 2016 .

Now , entire holding of Rhodia Speciality Chemicals is with Promoters