Saffron Capital Advisors Pvt. Ltd. (Manager to the Delisting Offer") has informed BSE about "Intimation of the Floor Price and Indicative Price under Delisting Offer".
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Tulive Developers Ltd's promoter group entities, Altis Properties Private Limited and GKS Technology Park Private Limited, are moving ahead with the voluntary delisting of the company's equity shares from BSE (the only exchange where they are listed). An IBBI registered valuer, Mr. Kalyanam Bhaskar, has determined the floor price at Rs. 719.30 per equity share of face value Rs. 10. Based on this valuation, the acquirers have set an indicative offer price of Rs. 750 per share, which is about 4.3% above the floor price. Public shareholders will get an opportunity to tender their shares at this indicative price during the delisting offer, subject to the reverse book-building process under SEBI Delisting Regulations, 2021.
For public shareholders, this signals a potential exit opportunity at Rs. 750 per share (indicative price), though the final price will depend on the reverse book-building process and could be higher if bidding crosses the threshold. The stock may see increased volatility and trading activity around the delisting process.