Thambbi Modern Spinning Mills Ltd voluntarily delisted its equity shares from BSE, According to BSE data thambbi delisted from BSE, code (514484) has a bid open date of 4 December 2023, a bid close date of 13 December 2023. The company set a price range of Rs 16.18 to Rs 20 per Equity share, the face value of Rs 10 per share.
Registrar: Cameo Corporate Services Limited
Manager of Offer: Saffron Capital Advisors Private Limited
Thambbi Modern Spinning Mills Ltd Delist Status
Delisting Timeline:
| Particulars | Date |
|---|---|
| Symbol | Scrip Code 514484 |
| Bid Opening Date | Monday, 4 December , 2023 |
| Bid Closing Date | Wednesday 13 December 2023 |
| Total equity shares issued | 1,15,25,540 Equity Shares |
| Delisting Offer Size | 28,84,950 Equity Shares |
| Floor Price per Share | ₹ 16.18 |
| Indicative Price Per Share | ₹ 20 |
| Discovered Price | Rs 20 Per Equity Share |
| Process | Reverse Book Building Process ( RBBP ) |
OBJECTIVE OF THE DELISTING OFFER:
Thambbi Modern Spinning Mills Ltd is a company engaged in the spinning and weaving of various kinds of yarns and fibres. Moreover, the company trades yarns and cotton.
1>Textile manufacturing activities ceased in March 2014. The company had rented out its buildings to earn a living.
2>The primary goal of the delisting proposal is for the Promoter & Promoter Group to acquire complete ownership of the company. This would boost the financial flexibility of the company to support its business and financial needs, including but not limited to looking into additional funding.
Share Holding Pattern:
The promoter and board of directors at present time hold 86,40,590 equity shares a percentage of 74.99%
public hold 28,84,950 no of equity shares that percentage 25.03%
After Delist Share Holding Pattern Present: Promoter & Promoter Group hold 1,04,47,951 number of equity shares that percentage is 90.68%
Some Details About Thambbi Modern Spinning Mills Ltd
Business: Thambbi Modern Spinning Mills Ltd was founded in 1977 and engages in spinning and weaving of various fibrous materials such as cotton, waste cotton, silk, rayon, wool, flax, hemp, jute, and other fibrous materials business. The company also deals in yarns and cotton. The firm now engages in property development and rental activities. The corporation has leased out its buildings in order to make money.
Board of Directors Present Time:
Mr R. Jagadeesan Managing Director
Mr. Iyamperumal Kandasami Independent Director
Ms Malathi Jagadeesan Non-Executive, Non-Independent Director
Mr. Ravindran Chandran, Independent Director
check all details about Thambbi delisting official document
This is the time chart of Thambbi Modern Spinning Mills Ltd
Chart from Tradingview.com
