Hitech Corp Delisting Offer Successful at ₹425

Hitech Corporation Ltd announced the successful outcome of its voluntary delisting offer. The reverse book building process, managed by Kreo Capital Private Limited, concluded with a discovered price of ₹425 per equity share. The offer, initiated by Geetanjali Trading and Investments Private Limited, aimed to acquire up to 43,91,220 equity shares, representing 25.57% of the company's public shareholding, to delist the shares from BSE and NSE. A total of 34,16,208 equity shares were tendered through 778 valid bids, with the discovered price of ₹425 per share being accepted. The delisting offer opened on October 7, 2026, and closed on October 13, 2026. Following this, the promoter and promoter group shareholding is expected to increase significantly, moving towards the required threshold for delisting.