Shreyas Shipping and Logistics promoters have suggested delisting the company from exchanges to obtain full control over operations, reducing compliance costs and providing more time for business operations. Under this proposal, Shreyas Shipping’s shares would be purchased from public shareholders through reverse book building. This move could enable an exit opportunity for shareholders at a premium from current market prices. The board meeting for this proposal is scheduled for May 24th. The company’s undervaluation could allow promoting group Transworld Group to obtain the shares at a discount.
Short-term dips seen as healthy realignments, not trend reversals: Deven Choksey
Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests the market is experiencing sector and stock rotations, with investors shifting from significantly appreciated stocks like Reliance
May 21, 2025