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Minimum shares required for profitable delisting not tendered: Shyam Telecom

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The provide for voluntary delisting of fairness shares of Shyam Telecom from inventory exchanges “is deemed to have failed” because the minimal variety of shares required for delisting was not tendered, the corporate knowledgeable in a BSE submitting.

“Sundae Capital Advisors (manager to delisting offer) has informed BSE regarding failure of voluntary delisting of equity shares of Shyam Telecom from BSE and NSE,” the regulatory submitting mentioned.

The delisting provide opened on January 07 and closed on January 13, 2021.

“We hereby wish to inform you that minimum number of equity shares for success of delisting was not tendered in the delisting offer, hence the offer is deemed to have failed…,” the submitting added.

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