Investors Must Take the Delist Window to Exit

摘要

Investors should seize the opportunity offered by Atlas Copco's plan to delist its shares from the Bombay and Pune stock exchanges and book profits. Shareholders may witness substantial value erosion if they hold on to the scrip. The promoters hold 83.7%, or 1.89 crore shares, in the company and need to mop up at least half of the remaining 36.6flakh equity shares to delist it. Though the company reported robust performance in 2010, its fundamentals do not justify the current high valuation., which has been sustained by the promoters' willingness to accept shares at 2,250 pounds, a premium of 58% to the floor price of 1,426 pounds per share. The actual price for delisting will' be discovered through a reverse book building process between March 7 and March 11.