BSE allows trading of Dunlop shares

BSE had allowed relisting in 4.5 crore equity shares on January 12,2010,as the court allowed both relisting after eight years and takeover of the company by the Ruia Group in December 2005 from Chabbrias.

8220;There is no bar in materialising and trading of all the 7.2 crore equity shares of the company. Trading is permitted in both physical mode and electronic mode,8221; the company said.

8220;I have been able to fulfil the promise made to the shareholders of Dunlop. The entire capital of the company is now free to be traded in stock exchanges. We are confident that the shareholders will get fair value the company,8221; Dunlop Chairman Pawan K Ruia said.

Both the company8217;s plants at Sahaganj West Bengal and Ambattur Tamil Nadu are operational and the management has declared its intention to set up a 50-MW captive co-generation power project at the Sahaganj plant.

The Ambattur plant was also gearing up to manufacture tyres for two-wheelers vehicles,a segment which is experiencing significant growth in recent times.

Dunlop today closed at Rs 66.30 up by 4.99 per cent over previous close.