LKP Finance promoters reject firm's delisting offer price

LKP Finance Ltd.'s promoters rejected the 140 Indian rupee per-share offer price for the financial services firm's delisting from BSE Ltd.

In addition, the promoters decided to not make any counteroffer, according to a March 15 news release.

LKP Finance's board approved the planned delisting in December 2020, with the floor price set at 75 rupees per share.

As of March 15, US$1 was equivalent to 72.55 Indian rupees.