Hitech Corporation delisting offer confirmed successful via corrigendum
HITECHCORP · price
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Hitech Corporation issued a corrigendum to the reverse book building process for its voluntary delisting. Correction: 100 physical shares were tendered but rejected for document issues. Validly tendered shares now 30,09,593 (down from 30,09,693). Post-acquisition, acquirer Geetanjali Trading with promoters will hold 1,57,94,073 shares, about 91.96 percent of paid-up equity, exceeding the SEBI Delisting Regulations threshold. The delisting offer remains successful.
Delisting confirmed successful. Shareholders who bid at or below exit price will be acquired; remaining shareholders get exit as per SEBI rules.