Jindal Photo532624Delisting notice
Delisting offer announced at a floor price of ₹ 525 per equity share
Promoter group firms Concatenate Power Advest and Concatenate Advest Advisory, with Jindal India Power as PAC, have announced a delisting offer for Jindal Photo.
By ScoutQuest · · 2 min read
- Floor price
- ₹ 525 per equity share
- Face value per equity share
- ₹ 10/-
- Detailed Public Announcement date
- dated October 21, 2026, published October 22, 2026
What the announcement is about
- Saffron Capital Advisors Private Limited, acting as Manager to the Delisting Offer, has submitted a Detailed Public Announcement dated October 21, 2026, published on October 22, 2026.
- It is issued under Regulation 15 of the SEBI (Delisting of Equity Shares) Regulations, 2021 and concerns the proposed voluntary delisting of the equity shares of Jindal Photo Limited from BSE Limited and National Stock Exchange of India Limited.
Who is behind the offer
- Concatenate Power Advest Private Limited (Acquirer 1) and Concatenate Advest Advisory Private Limited (Acquirer 2) — both described as part of the promoter group of the target company.
- Jindal India Power Limited is acting in concert with them as the person acting in concert (PAC).
What they propose to do
- Acquire all the equity shares of face value ₹ 10/- (Rupees Ten only) each that are held by public shareholders.
- Consequent to that, voluntarily delist the equity shares from BSE and NSE by making a delisting offer in accordance with the Delisting Regulations.
Price details
- Floor price for the offer: ₹ 525 per equity share.
- Face value of each equity share: ₹ 10/-.
Where the announcement appeared
- Financial Express — English, all editions.
- Jansatta — Hindi, all editions.
- Pratahkal — Marathi, Mumbai edition.
How a retail holder can read this
- A delisting offer is a window in which public shareholders can tender their shares; the announcement fixes the floor price at which the offer is made.
- The proposal is to buy out the public shareholders and then take the shares off the exchanges, so the announcement is the document that sets out the terms, the price and the process to be followed.
- Whether the delisting actually goes through depends on the offer meeting the conditions laid down in the Delisting Regulations; the announcement is the formal disclosure of the promoter group's intention and its terms.
Also from Jindal Photo
Letter of Offer for voluntary delisting: floor price ₹ 1,119.50 per share, bidding November 02-06
23 Oct 2026
Voluntary Delisting Offer at Floor Price of ₹1,119.50 per Share
23 Oct 2026
Receives in-principle approval for voluntary delisting from BSE and NSE
21 Oct 2026
More numbers
- Floor price per equity share525
- Face value per equity share₹ 10/-
Source: BSE · 22 Oct 2026
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