Promoter group acquired 3.01 million shares in Hitech Corporation
HITECHCORP · price
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Geetanjali Trading and Investments, a promoter-group member, acquired 3,009,593 shares of face value Rs 10 during a voluntary delisting process. Its holding rose from 69.11% to 86.63%, while the wider promoter group rose from 74.43% to 91.96%. Public holdings fell from 25.57% to 8.04%.
The acquisition increases promoter control and sharply reduces public ownership, supporting the voluntary delisting process. No acquisition price was disclosed.