Hitech Corporation Limited has informed the Exchange about Voluntary Delisting
HITECHCORP · price
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Hitech Corporation Limited has informed the stock exchange about its intention to voluntarily delist its shares from the NSE/BSE platform. Voluntary delisting means the company's promoters want to buy back all public shares and take the company private. Shareholders will be given an opportunity to tender their shares at a price discovered through a reverse book-building process, subject to a minimum floor price determined by SEBI rules. Until the delisting process completes, the stock will continue to trade on the exchange. The timeline, floor price, and tendering details are yet to be announced by the company.
Shareholders should watch for the floor price and tendering window announcement. If the discovered exit price is unattractive, they can choose to hold their shares if delisting fails (requires promoter to meet SEBI thresholds). Delisting typically reduces liquidity for remaining shareholders if it succeeds.