Delisting1 May 2026, 06:11 pm
Elpro International receives delisting public announcement from promoters
AI Summary
Elpro International Ltd has received an Initial Public Announcement (IPA) dated May 1, 2026, regarding a proposal to voluntarily delist its equity shares from BSE Limited. The offer is made by I G E (India) Private Limited and Zenox Technology Services Private Limited (part of the promoter group), along with promoters Mr. Surbhit Dabriwala and Mrs. Yamini Dabriwala (persons acting in concert). Motilal Oswal Investment Advisors Limited is acting as the manager to the offer. The delisting proposal aims to acquire all 4,23,70,160 equity shares held by public shareholders, which represents 25.00% of the company's paid-up equity share capital. The company has also applied for delisting from the Calcutta Stock Exchange.
Key Highlights
- Elpro International received an IPA for voluntary delisting of equity shares.
- Promoters and promoter group entities are making the delisting offer.
- The offer targets 4,23,70,160 public shares, representing 25% of paid-up capital.
- Motilal Oswal Investment Advisors is the manager to the offer.
- Delisting is proposed from BSE and applied for CSE.