Delisting offer deemed successful; exit price set at Rs. 426 per equity share
Post Offer Public Announcement for the delisting of the equity shares has been received.
By ScoutQuest · · 2 min read
- Exit Price
- Rs. 426/- per Equity Share
- Discovered Price
- Rs. 425/- per Equity Share
- Offer Size
- up to 43,91,220 shares, 25.57% of equity share capital
The outcome
The Post Offer Public Announcement for the delisting of the equity shares has been received, issued under Regulation 17(4) of the SEBI Delisting Regulations. Kreo Capital Private Limited, the Manager to the Delisting Offer, states that the post-delisting-offer shareholding of the Acquirer, together with the Promoters and other members of the Promoter Group, has exceeded 90% of the total number of issued equity shares (excluding shares as provided under Regulation 21(a)). The Delisting Offer is therefore deemed to be successful in accordance with Regulation 21.
The price ladder
- Floor price: Rs. 252/- per Equity Share
- Indicative Price given by the Acquirer: Rs. 353/- per Equity Share
- Discovered Price: Rs. 425/- per Equity Share
- Final price for the Delisting Offer (Exit Price): Rs. 426/- per Equity Share, stated to be higher than the Discovered Price
What was sought
Geetanjali Trading and Investments Private Limited, a member of the promoter group of the Company, along with the Promoters and other members of the Promoter Group as the Acquirers, made a voluntary delisting offer for the acquisition of up to 43,91,220 Equity Shares of face value Rs. 10/- each, representing 25.57% of the Equity Share Capital of the Company held by the Public Shareholders, and consequently to voluntarily delist the equity shares from BSE Limited and the National Stock Exchange of India Limited.
Where the announcement was published
- Business Standard, English, all editions
- Navbharat Times, Hindi, all editions
- Mumbai Lakshadweep, Marathi, Mumbai edition
The Post Offer Public Announcement was published on 15 October 2026.
How the final price was set
The Acquirer has accepted the Discovered Price of Rs. 425/- per Equity Share and, in accordance with Regulation 20(6) of the SEBI Delisting Regulations, has declared Rs. 426/- per Equity Share as the final price for the Delisting Offer (Exit Price), which is higher than the Discovered Price.
Also from Hitech Corporation
Corrigendum to reverse book building outcome: 100 physical shares rejected, delisting offer remains successful
22 Oct 2026
Post Offer Public Announcement received: delisting offer successful, exit price fixed at Rs. 426/- per share
15 Oct 2026
Delisting offer reverse book building closes; discovered price Rs. 425 per share, promoter holding crosses 90%
13 Oct 2026
More numbers
- Floor price for the Delisting Offer (per Equity Share)Rs.252/- per Equity Share
- Indicative Price given by the Acquirer (per Equity Share)Rs. 353/- per Equity Share
- Discovered Price for the Delisting Offer (per Equity Share)Rs. 425/- per Equity Share
- Final price for the Delisting Offer / Exit Price (per Equity Share)Rs. 426/- per Equity Share
- Equity Shares sought in the Delisting Offer43,91,220 Equity Shares
- Share of Equity Share Capital represented by the offer25.57%
- Face value per Equity ShareRs. 10/-
- Post-offer shareholding threshold of Acquirer and Promoter Group90%
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