New Delhi, July 31: Mangalore Refineries and Petrochemicals Ltd (MRPL) will delist its equity shares from five bourses including Delhi Stock Exchange. MRPL, a subsidiary of state-run Oil and Natural Gas Corp (ONGC), has decided to delist from Ahmedabad, Bangalore, Calcutta, Delhi and Madras stock exchanges, company sources said.
It would, however, continue to be listed on Bombay Stock Exchange (BSE) and Mangalore Stock Exchange.

"No particular benefit is available to the shareholders of the company by continuing listing on these stock exchanges. In fact, the trading volumes on these stock exchanges are now very thin and do not justify the payment of listing fees of these stock exchanges," they said. The listing fees payable to the stock exchanges, sources said, were burdensome to the company as the shares were infrequently traded. Bureau Report