DFM Foods?
They make Crax Corn Rings and Cheese Balls. Snacks that people have come to love (View Highlight)
First, the buyer does a valuation and sets a floor price. This is based on the price the stock traded during 26 weeks prior to the delisting. Think of it as the bare minimum price that the buyer will pay. And then begins the reverse book-building process. This helps to discover what price shareholders actually expect the buyer to pay. And it can be way higher than the floor price. The shareholders are given a certain window of time. They can offer their shares and say, “I’ll give you my shares if you pay me ₹xx.” (View Highlight)
And for the delisting to be a success, the buyer needs to snag a total of 90% of the shares (including their own). (View Highlight)
