{"id":61578,"date":"2022-09-02T17:20:00","date_gmt":"2022-09-02T11:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=61578"},"modified":"2022-09-02T17:14:06","modified_gmt":"2022-09-02T11:44:06","slug":"food-stock-jumps-85-after-the-company-announced-the-proposal-to-delist","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/food-stock-jumps-85-after-the-company-announced-the-proposal-to-delist\/","title":{"rendered":"Food stock jumps 85% after the company announced the proposal to delist"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1734963584\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Crax maker- DFM Foods surged 65.87% in the past month and the shares are currently trading at \u20b9 363.85 apiece. This happened after the company announced the proposal to delist its equity shares from the bourses.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-30378480\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company\u2019s share price increased from \u20b9218.55 to the current levels. If an investor would have invested \u20b9 1,00,000 in the company\u2019s shares a month ago, the value of their holdings would have been \u20b9 1,65,870 today!<\/p><p>In an exchange filing, Advent expressed AI Global&#8217;s intention to acquire all the equity shares that are held by public shareholders, either individually or collectively, as the case may be, and consequently voluntarily delist the equity shares from the stock exchanges. JM Financial Limited is the manager for the delisting of its shares.<\/p><p>The company said that the proposed delisting would enable the acquirer (AI Global Investments) along with members of the promoter and promoter group of DFM Foods to obtain full ownership of the company which will in turn provide increased operational flexibility to support the DFM Food\u2019s business and make investments in it, as it explained the rationale behind the delisting proposal.<\/p><div class=\"trade-content_5\" id=\"trade-239093484\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>This delisting proposal will provide the public shareholders with an opportunity to realise immediate and certain value for their equity share and also the delisting of equity shares. Further, it will result in the reduction of the ongoing substantial compliance costs like the costs associated with the listing of equity shares such as annual listing fees and fees payable to share transfer agents or such other expenses required to be incurred as per the applicable securities law.<\/p><p>DFM Foods manufactures and sells packaged snacks. It manufactures Crax, which was one of India\u2019s first successful packaged snacks. Advent International, a US-based private equity firm acquired a majority stake in DFM Foods Ltd. in 2019.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" id=\"h-written-by-simran-bafna\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1050868722\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Crax maker- DFM Foods surged 65.87% in the past month and the shares are currently trading at \u20b9 363.85 apiece. This happened after the company announced the proposal to delist its equity shares from the bourses. The company\u2019s share price increased from \u20b9218.55 to the current levels. If an investor would have [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":31478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-61578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Food stock jumps 85% after the company announced the proposal to delist - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/food-stock-jumps-85-after-the-company-announced-the-proposal-to-delist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Food stock jumps 85% after the company announced the proposal to delist\" \/>\n<meta property=\"og:description\" content=\"The shares of Crax maker- DFM Foods surged 65.87% in the past month and the shares are currently trading at \u20b9 363.85 apiece. 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