Hitech Corporation Limited announces successful reverse book building for delisting
Hitech Corp. · Industrial Products
What the filing says
- Delisting offer by Geetanjali Trading and Investments Pvt Ltd opened Oct 7 and closed Oct 13, 2026
- Discovered price accepted at ₹425 per equity share for acquisition of up to 43,91,220 shares
- Post-delisting promoter group shareholding increased to 92.67%, exceeding 90% threshold under SEBI regulations
Why it's rated notable: The filing reports a discovered price of Rs. 425/- per Equity Share and post-offer promoter and promoter group holding of 92.67%, but delisting applies only if the Acquirer accepts the Discovered Price, so the event is not yet binding and the business itself is unchanged.
Original filing
Outcome Of The Reverse Book Building Process Under Regulation 17(3) And Other Applicable Provisions Of The SEBI (Delisting Of Equity Shares) Regulations, 2021.
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.