Hitech Corporation Limited has informed regarding Delisting offer

Voluntary Delisting ProposedCapital Market Events View source PDF

HITECHCORP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+31.4%1-day move

₹167.50

prior close

₹200.16

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+31.4+44.6+59.0+67.0+75.3+86.4+90.4+87.5+90.7—

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AI summary

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.

Likely market impact

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.