Nirma scrip also zooms

Driven by the decision to delist its shares, Ahmedabad-based soaps and detergents maker Nirma saw the price of its scrip shoot up by around 18 per cent on Monday.

Driven by the decision to delist its shares, Ahmedabad-based soaps and detergents maker Nirma saw the price of its scrip shoot up by around 18 per cent on Monday.

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The share touched a one-year high of R264.9 in early trade on Bombay Stock Exchange, before dropping to end the day at R240.5 — an increase of 7.2 per cent over the previous week’s closing price.

The company had said on Saturday that it would delist shares and acquire the entire non-promoter holding in the firm.