Electrolux's exit option open for a year

Electrolux Kelivantor, which has got in-principle approval for delisting of its shares from stock exchanges, has decided to keep open the exit option for a period of one year from the date of delisting of shares from the bourses.

The company had given exit option to existing shareholders by buying back shares at a price of Rs 10 after promoters' stake crossed 91 per cent of the total paid up share capital last year.

It informed the stock exchanges that besides keeping open the exit option for one year, it will make payment to the shareholders within 30 days from the date of receipt of valid share certificates or instruction advice in respect of the shares kept under demat mode.

It will continue to resolve investors' complaints, if any, pending and received thereafter for a period of one year after the date of delisting of company's shares from all the stock exchanges.