Malco gets shareholders nod for equity delisting

Vedanta Resources Group firm Madras Aluminium Co (Malco) on Thursday said it has received approval from its shareholders for the delisting of the company's equity shares. “The shareholders have granted in-principle approval to the proposal for voluntary delisting of the company's equity shares,” Madras Aluminium Co said in a filing to the NSE. The shares of Malco were trading at Rs 80, up 1.72 per cent in the afternoon trade on the NSE.