This is the reason here, as per the 16/11 Notification (my emphasis):
'.......we intended to consolidate Neuren’s shares into a smaller number in order to remove an impediment to investment for some international institutions...'
It's pretty simple, eh!
Reasons for consideration, page-2
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$20.52 |
Change
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Mkt cap ! $2.622B | |||
| Open | High | Low | Value | Volume |
| $20.00 | $20.66 | $19.94 | $6.431M | 315.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1024 | $20.52 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.53 | 285 | 1 |
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