Shares of BF Investment were locked at a 20% cap, or Rs 350.10, on the BSE at 9:17 am on Monday, after the company said its board would meet on Wednesday, January 4, 2023, to consider the delisting proposal.

Total 46,000 shares changed hands, with 6.6 lakh pending buy orders on the NSE and BSE. The stock touched a 52-week high of Rs 371.65 on January 12, 2022.

The company’s board meeting is to be held on January 4, 2023, to consider a proposal for voluntary delisting of the company’s equity at face value of Rs 5 each in a bourse filing filed on December 30.

DGM Realties Private Limited, together with Ajinkya Investment and Trading Company and Sundaram Trading and Investment Private Limited, who are the promoters of BF Investment and members of the promoters group, through the offer manager Axis Capital makes the first public announcement of the initiation process and expresses the promoters’ acquisition individually or collectively The intention of all the shares held by the public shareholders, and therefore voluntarily delisted from the stock exchange. Company shares are listed on BSE Limited and the National Stock Exchange of India Limited (NSE).

As of September 30, 2022, the total shareholding ratio of promoters was 74.13%, and the shareholding ratio of individual shareholders was 13.07%, followed by corporate bodies (4.79%), LLP (4.39%) and Krutadnya Management and Trading Services LLP (4.16%), shareholding structure data display.