Finshore Management Services Ltd ("Manager to the Delisting Offer") has submitted to BSE a copy of Outcome of Reverse Book Building Process under Regulation 17(3) of the SEBI (Delisting ....
Awaiting price reaction for this filing.
CES Limited's voluntary delisting offer by promoters Mr. Venkateswara Rao Davarapalli and Mrs. Sreevani Kancharla closed on July 30, 2025. The reverse book building process discovered a price of Rs 92.36 per share, which is the same as the floor price. A total of 59,19,788 equity shares (16.26% of issued capital) were successfully bid through 9 bids, all at Rs 92.36. Post-delisting, the promoter and promoter group holding will rise from 74.84% to 91.10%, crossing the 90% threshold required under SEBI Delisting Regulations. Since the discovered price equals the floor price, the acquirer has accepted the offer, making the delisting successful.
Shareholders who successfully bid at Rs 92.36 will receive that price as a uniform discovered price for tendering their shares. CES Limited will be delisted from BSE as the promoters' holding has crossed 90%. Shareholders who did not participate should await the post-offer public announcement for any exit opportunity details.