Nitin Castings delisting offer fails; shares to stay listed on BSE

Delisting failedVoluntary delisting proposedCapital Market Events View source PDF Explain this filing

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

-5.0%Reaction day

₹368.95

prior close

₹350.55

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-5.1% vs market

Castings & Forgings peers, median of 22sector-0.2%-4.7% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 4.7 pts less than its Castings & Forgings 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

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0+0.2-5.1-0.2-4.7

Next day

-9.7+0.2-10.0+2.0-11.7

-14.2+0.4-14.6+1.9-16.2

-18.5+0.7-19.3+2.2-20.7

-20.6+0.1-20.8+0.5-21.1

-24.6+0.7-25.3+1.8-26.4

-26.8+1.2-28.0+3.0-29.8

15d

+1.7+0.7+0.9+6.7-5.0

+32.8-1.2+34.0+2.0+30.8

+19.8-1.1+20.9+4.9+14.9

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UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 22Pending

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

AI summary

Promoters tried to delist Nitin Castings from BSE but the offer failed. Public shareholders tendered 9.08 lakh shares in 181 bids between Rs 273.36 and Rs 1,299. The discovered price was Rs 300, which the promoters rejected as too high. No shares will be bought and the stock will remain listed. Promoters cannot make another delisting attempt for 6 months.

Likely market impact

Stock stays listed; no buyback at Rs 300. Promoters blocked from another delisting attempt for 6 months.