Saffron Capital Advisors Pvt. Ltd. (Manager to the Delisting Offer") has submitted to BSE a copy of Letter of Offer for the attention of the Public Shareholders of Tulive Developers Ltd ....
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On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 5.6 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tulive Developers Ltd is undergoing a voluntary delisting from BSE. Two promoter group entities (Altis Properties Pvt Ltd and GKS Technology Park Pvt Ltd) along with persons acting in concert are offering to buy out public shareholders. The Floor Price is Rs 719.30 per share with an Indicative Price of Rs 750 per share. Public shareholders hold 27.90% (6,01,135 shares) while promoters hold 72.10%. The reverse book building process runs from April 15-21, 2026. Shareholders already approved the delisting in December 2025 by a margin of 4,67,451 votes vs 3,750 against. The offer aims to give promoters full ownership for increased financial flexibility.
Public shareholders have an opportunity to exit at a premium price during the bidding period. If successful, remaining shareholders will hold illiquid shares after delisting. The discovered price through reverse book building will determine the final exit price.