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.
Tech View: Nifty forms hammer candle, monthly support at 23,100 reaffirms strength. How to trade tomorrow
The hammer candlestick pattern indicates strong buying interest at lower levels, pointing to potential bullish momentum. The index held its key monthly support at 23,100,
January 22, 2025