Announced Mon, 29 Jun · 15:30 IST
Jindal Photo: Promoter group proposes voluntary delisting from BSE and NSE
JINDALPHOT · price
▲ 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
+5.8%1-day move
₹1125.00
prior close
₹1201.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.2+3.1+3.2+2.7+5.8+4.3+4.3+3.1+2.3+1.5-2.9———
Up moveDown movePending
AI summary
Promoter group of Jindal Photo (Concatenate Power Advest, Concatenate Advest Advisory, and PAC Jindal India Power) plans to acquire 26,46,183 public shares worth 25.80 percent of capital and delist from BSE and NSE. Promoters already hold 74.20 percent. Floor price not yet set, to be discovered via reverse book building. Needs special resolution from public shareholders and bids totalling 90 percent acceptance for delisting to succeed.
Likely market impact
Public shareholders may get an exit through reverse book building if delisting succeeds. Price not yet decided and outcome depends on shareholder vote and bid response.