Delisting28 Oct 2026, 10:38 am
Hitech Corp: Geetanjali Trading Acquires 30.1 Lakh Shares in Delisting
AI Summary
Geetanjali Trading & Investments Pvt Ltd, a promoter group member, has acquired 30,09,593 equity shares of Hitech Corporation Limited. This acquisition was executed as part of Hitech Corporation's voluntary delisting process under the SEBI (Delisting of Equity Shares) Regulations, 2021. Geetanjali Trading & Investments Private Limited is exempted from making an open offer under Regulation 10(1)(f) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Post-acquisition, the promoter group's total shareholding in Hitech Corporation has increased.
Key Highlights
- Geetanjali Trading acquired 30,09,593 shares of Hitech Corp.
- Acquisition is part of a voluntary delisting process.
- Exemption from open offer under SEBI Takeover Regulations.
- Promoter group's shareholding in Hitech Corp has increased.
Price Impact
More from HITECHCORP