IDC recommends Hitech Corp delisting offer as fair and reasonable
HITECHCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Independent Directors Committee of Hitech Corporation published recommendations on the voluntary delisting offer in newspapers on 1 Oct 2026. Acquirer Geetanjali Trading (promoter group) seeks 43,91,220 shares (25.57% of equity) from public shareholders. Floor price INR 252, indicative price INR 353 per share, through reverse book building. Indicative price is about 2.11 times last traded price and above all-time high. IDC deemed the offer fair and reasonable, advising shareholders to independently evaluate before bidding.
Public shareholders can exit at indicative price of INR 353 per share. If delisting succeeds, stock will be removed from BSE and NSE trading.