Atlas Copco, India’s leading construction equipment maker has announced delisting of its share from the exchange. The Sweden Based promoters who hold 83.77% stake in this Indian unit want to buy back 16.23 percent of the remaining public stake. The buyback offer will be at Rs. 2250 per share. The analysts have said that it’s good to see the buyback price.

The delisting process will start on next month. The offer will start on March 7 and close on March 11. After this process Atlas Copco would delist from BSE and Pune stock exchange.

Mr. Jagannadham Thunuguntla, head of research & strategist at SMC Global Securities said offer price made by company is attractive but success of delisting offer depends on shareholder mood.

Atlas Corpo has gained more than 25 percent at BSE despite its competitor in the same sector has surged in the range of 1 percent to 20 percent. As per the analysts, this is a great opportunity for investor to book profit in this company. JM Financial has been appointed as the manager to this offer.