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This is an archive article published on October 11, 2010

Nirma to delist from BSE,NSE

Shares of the company jumped 18 pct to Rs 264.85,their highest in 32 months on Monday.

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Deteregent maker Nirma said the board has approved a proposal by the pormoters to acquire all outstanding shares of the company at Rs 235 per share and delist from the BSE and NSE.

Shares of the company jumped 18 per cent to Rs 264.85,their highest in 32 months Monday morning in a firm Mumbai market. At 9:18 a.m.,they were up 10 per cent at Rs 247.

The price represents a premium of 4.7 per cent over Nirma’s closing price of 224.45 on Friday.

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