[T.S.R:16469] KENNAMETAL INDIA LIMITED-DELISTING OFFER

BSE LISTED CO..
OLD NAME WIDIA LIMITED

Scripcode : 505890    Company : Kennametal India Ltd		View All
Board Meeting on Dec 09, 2010 | 08/12/10 19:55     Kennametal India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 09, 2010, inter alia, to consider and approve: The Company has received a letter dated December 08, 2010 from Kennametal Inc. on behalf of itself and its subsidiary, Meturit AG, (each a "Promoter" and together the "Promoters") informing the Company of the decision of the Promoters to seek voluntary delisting of the Equity Shares of the Company presently traded on the Exchange in accordance with the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (the "Delisting Regulations.") by purchasing the publicly held shares of the Company constituting 11.84% of the paid up capital of the Company (the "Delisting Proposal"). The Promoters collectively hold 19,376,013 equity shares of Rs.10/- each, representing 88.16% of the paid up capital of the Company.

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