Pursuant to the aforesaid investments, there is no change in the percentage shareholding of ABCL and ABFL continue to be wholly owned subsidiary of the Company.

At meeting held on 26 September 2024

Markets regulator Sebi has notified rules allowing companies to delist shares through a fixed price mechanism as an alternative to the reverse book building process, a move aimed at facilitating ease of doing business for listed firms.
Under the Reverse Book Building (RBB) process, a firm planning to delist its shares from the stock exchange needs to initiate the process by making a public announcement. The rules mandated a minimum floor price for the delisting offer.
Further, shareholders of the company place offers to sell their securities back to the promoters or large shareholders under the process.
In its notification on Wednesday, Sebi introduced the fixed price process as an alternative to the RBB process for delisting of companies whose shares are frequently traded.
The fixed price offered by an acquirer would be at least 15 per cent premium over the floor price.
Additionally, the regulator has provided modification of the counter-offer mechanism in case of delisting throu

Domestic equity barometers continued their upward trend on Thursday. The benchmark indices, Nifty 50 and Sensex, hit record highs, buoyed by positive global cues and strong domestic liquidity. The day started on a relatively flat note, but buying across various sectors propelled the indices to new milestones. The Nifty 50 crossed the 26,200 mark, forming a bullish Marubozu candlestick pattern on the daily chart, indicating strong bullish sentiment. Auto and metal shares were among the top performers, while consumer durables and healthcare shares faced some selling pressure. While domestic factors were largely supportive, global markets also played a role in driving the rally.