One very important delisting share is Rhodia chemicals which was earlier Albright Wilson.
It has a very small equity base of about 3.5 crores and the parent owns more than 70 % of the equity.The parent has been acquired by Solvay.
The parent has already applied for delisting and the application is pending with SEBI.The delisting price of about Rs 380 is very near the existing market rate.
The play here could be an increased delisting price by the parent as the cost of delisting is very small, but this would only be for the very patient investor.
Also the company is making losses - even in the last quarter.