Dear Sir / Madam, Further to our disclosure of 25th May 2026, under Regulation 30 of SEBI LODR Regulations, a copy of IPA received by the Company from Manager to the Offer on behalf ....
HITECHCORP · price
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Hitech Corporation Limited's promoter group entity Geetanjali Trading and Investments Private Limited has announced a proposal to voluntarily delist the company's equity shares from BSE and NSE. The Acquirer currently holds 74.43% (1,27,84,480 shares) of the company. The Indicative Offer Price is INR 353 per share, slightly above the lifetime high of Rs. 351.35. The company cites low market cap (Rs. 261.66 Crores) and minimal free float (Rs. 64.46 Crores) as reasons, stating the listed status offers limited liquidity benefits to public shareholders. The delisting will follow the Reverse Book Building process under SEBI regulations, requiring special shareholder approval with public shareholders voting in favor at least twice the votes against.
For public shareholders, this offers an exit opportunity at INR 353 per share (indicative), potentially higher based on the reverse book building process. However, shareholders should carefully evaluate whether to tender their shares, as delisting would eliminate the ability to trade on exchanges.