Dunlop India Returns to BSE

Dunlop India has resumed trading on the Bombay Stock Exchange following an absence of eight years. The company’s stock was relisted at Rs 50 per share, a figure that proved to be both its high and low on January 12, its first day back.

As per a notice issued on January 6, the BSE has revoked the ‘suspension of trading’ of the equity shares of Dunlop India. However, the BSE has barred trading in shares issued by Dunlop in a rights offer three years back because of a case pending in Delhi High Court.

Dunlop India shares were last traded on 15 April 2002. Since then trading on the counter was suspended as the company’s previous owner did not pay listing fees.