Interesting situation. Promoters already own 70% and their ex-employees who I guess are aligned to promoters objectives own another 3%+. Out of the remaining 27% , only 17% have to agree for the delisting to go through (to get to 90% shareholding). They have not given the indicative price yet but book value itself is around 370+ and with more ships getting deployed will increase as time goes by. Great time for the promoters to delist and hopefully they will give a fair exit around 1.1 to 1.2 times book value to the retail shareholders. The new SEBI guidelines mean the entire transaction has to go through in around 3 months!
Disc: Invested and added
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