Hitech Corporation Limited has informed regarding Delisting offer
HITECHCORP · price
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Promoter group entity Geetanjali Trading and Investments Private Limited has proposed to acquire all equity shares from public shareholders and voluntarily delist from BSE and NSE. This follows the SEBI Delisting Regulations framework, with Kreo Capital Private Limited appointed as the manager to the offer. The acquirer is part of the promoter group and the proposal aims to take the company private by buying out minority shareholders.
Public shareholders will receive an offer to sell their shares, but the delisting would remove their ability to trade on listed exchanges thereafter. The stock may become illiquid and shareholders should carefully evaluate the offer price.