Nirma said that its board has decided to delist shares ofthe company from the Bombay Stock

Exchange (BSE) and the National Stock Exchange (NSE). The company will acquire 36.3 million of its shares not held by promoters, at an offer price of Rs 235 each, the company said in a statement. The delisting procedure will be carried out in accordance with the Securities and Exchange Board of India (SEBI) (delisting of equity shares regulations), ``Over the years, there has been a significant change in the business mix of the company, as a result of which the riskprofile, investment needs and returns ratios of the companyhave changed quite significantly and materially from the time of its initial listing,`` a company further said. Nirma engaged in soaps and surfactants was incorporated in 1984 and listed in 1994. Nirma charted its success story competing against multi-national firms led by its founder Patel, who changed the company of yesteryears into multi-location, multi-product USD 1 billion revenue corporate with operations in India and USA. Shares of Nirma gained Rs 26.95, or 12.01%, to trade at Rs 251.40. The total volume of shares traded was 330,249 at the BSE