Chettinad Cement announced that it has received shareholders' approval to delist the company’s shares from the stock exchanges.
In a filing to the Bombay Stock Exchange (BSE) the company said the proposal to delist shares has been “approved by the requisite majority of votes.” Chettinad Cement is listed on the National Stock Exchange, Madras Stock Exchange and its share are permitted to trade on the BSE. Voting started on January 4 2013, and ended yesterday.
The Chennai-based company has a cement capacity of over 11Mta.
