Promoter group begins Rs 1,120 per share voluntary delisting offer

Voluntary Delisting ProposedCapital Market Events View source PDF Explain this filing

JINDALPHOT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.2%Reaction day

₹1053.00

prior close

₹1051.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.8% vs market

Investment Company peers, median of 61sector+0.0%+5.2% vs sector

On the reaction day the stock moved 4.8 pts more than Nifty Microcap 250 and 5.2 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

+0.4

30m

+2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.2+0.4+4.8+0.0+5.2

Next day

+5.7+2.1+3.6+0.9+4.8

+6.7pendingpending+1.2+5.5

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15d

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UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoter-group firms Concatenate Power Advest and Concatenate Advest Advisory, along with Jindal India Power, plan to buy all 2,646,183 publicly held shares, equal to 25.80% of paid-up capital. If tender conditions are met, Jindal Photo will delist from BSE and NSE. The floor price is Rs 1,119.50 and the indicative price Rs 1,120 per share. Bidding runs from November 2 to November 6, 2026. Public shareholders approved the proposal, and both exchanges granted initial approval.

Likely market impact

Public holders can tender via exchange bidding from Rs 1,119.50. If delisting succeeds, trading on BSE and NSE will end, reducing liquidity.