Rhodia Specialty may get delisted as promoter stake jumps to 91.32%

摘要

IN a move that may eventually lead to delisting, Brussels-based Solvay Group has acquired 18.39 per cent stake in its subsidiary Rhodia Specialty Chemicals through an open offer of Rs 40 crore. Solvay has hiked its holding in the company to 91.32 per cent from 72.93. According to SEBI's public shareholding regulations, public listed companies should have minimum free-float of 25 per cent.