i think rationale is to indicate to market that ISEC is undervalued and parent is happy to buy investors out at this price. this is similar to what happened in Vedanta couple of years back…
Delisting itself is complex and would requiere 90% investor approval and will take some time…
my guess is that most lilkely scenario is that the Delisting price declared becomes the new base and delisting itself may not happen.
Disclosure – Invested pre delisting news
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