Gillette's scrip ended at Rs 2,111.80, down 4.25 per cent from its previous close on the BSE. During the day, the stock lost 5.91 per cent to Rs 2,075.
At the NSE, the scrip settled 4.75 per cent down at Rs 2,096.50.
In a filing to the BSE, Gillette said: "The company has no plans for an open offer or delisting. The said news regarding possibility of an open offer by the company or delisting of the company is untrue.
"In fact, the company has recently successfully completed a sell-down of shares to deliver compliance with SEBI's minimum public shareholding requirement."
Meanwhile, the BSE 30-scrip benchmark index, Sensex, ended 36.14 points up at 20,729.38.