Mumbai, March 13 :    Mumbai, March 13:  FMCG major Reckitt Benckiser has joined the growing list of multinational companies planning to delist its shares from the local bourses. The company's UK-based parent Reckitt Benckiser plc today announced an open offer to buy out the remaining stake in the Indian arm at Rs 250 per share, entailing an acquisition cost of Rs 403.19 crore. The Reckitt stock surged 9.83 per cent to Rs 238.50 per share and closed the day at Rs 238.50. The company saw 3.35 lakh shares being traded on the Bombay Stock Exchange (BSE). In a notice to the stock exchange, HSBC Securities & Capital Markets Private Ltd said it is making an open offer on behalf of Reckitt Benckiser plc, along with Lancaster Square Holdings SL. 'A voluntary offer to the equity shareholders of Reckitt Benckiser India Ltd (RBIL) to acquire 16,127,462 equity shares of Rs 10 each representing 49 per cent of the paid-up equity share capital of RBIL at a price of Rs 250 per share payable in cash,' the notice said. The specified date is April 1 this year. The date of the opening of the offer is May 14. The date of the closing of the offer is June 13, the BSE notice said. As on September 30 last year, the parent company held a 51 per cent stake in the Indian subsidiary, financial institutions and mutual funds 19.86 per cent and 5.83 per cent respectively, while the Indian public held nearly 29.14 per cent. According to analysts, like other companies in the FMCG sector, even Reckitt is feeling the pinch as it is seen struggling with sluggish topline growth in its key household and fabric care businesses. During the third quarter, Reckitt Benckiser actually witnessed a 6 per cent decline in sales turnover. The slowdown was mainly attributed to a declining trend witnessed in Mortein mosquito repellent and soaps market. Marketmen say though the offer price is above the 52-week high of Rs 225, the scrip used to hover around Rs 300 even a couple of years back. Analysts had expected the open offer price to be between Rs 280 and Rs 320.