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HITECHCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 18.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hitech Corporation Limited has disclosed that its promoter group entity, Geetanjali Trading and Investments Private Limited, has made an Initial Public Announcement to acquire all equity shares from public shareholders. The Acquirer intends to voluntarily delist the company's shares from both BSE Limited and NSE Limited. This delisting proposal is being made in accordance with SEBI (Delisting of Equity Shares) Regulations, 2021. Public shareholders will be given an opportunity to tender their shares during the delisting offer period.
This announcement signals a potential exit opportunity for public shareholders at the proposed delisting price. If the delisting succeeds, the company will cease to be listed, and shareholders who do not tender may hold unlisted shares with limited liquidity.