Alfa Laval India said its parent company increased the delisting offer price. This move took into account current market conditions and aimed to reward shareholders. The company clarified, "Offer price should in no way be construed as a ceiling or maximum price for the purpose of the reverse book-building process and the public shareholders are free to tender their equity shares at any price higher than the indicative offer price." Following the announcement, Alfa Laval India's shares jumped 14.40 per cent to close at Rs 2,710.85 on the BSE. During intra-day trade, the stock reached a 52-week high of Rs 2,742. Alfa Laval India provides heat transfer, separation, and fluid handling technologies. The company will be delisted from both the BSE and National Stock Exchange (NSE). The board had approved the delisting proposal in September 2011 and set a floor price of Rs 2,045 per share in October. The parent firm plans to buy up to 2,040,202 shares, which is 11.23 per cent of the company. At present, the promoter holds 88.77 per cent stake in Alfa Laval India.