Delisting4 Jun 2026, 07:11 pm
Hitech Corp Plans Voluntary Delisting, Offer Price ₹353
AI Summary
Hitech Corporation Limited announced its board will meet on June 9, 2026, to consider a voluntary delisting proposal. The promoter group, through Geetanjali Trading and Investments Private Limited, intends to acquire all equity shares from public shareholders at an indicative offer price of ₹353 per share, a 40.08% premium over the floor price of ₹252. The delisting aims to remove the company's shares from BSE Limited and National Stock Exchange of India Limited. The trading window will remain closed until 48 hours after the board meeting's outcome is announced.
Key Highlights
- Board meeting scheduled for June 9, 2026, to consider voluntary delisting.
- Indicative offer price set at ₹353 per share, a 40.08% premium.
- Acquirer aims to buy out public shareholders and delist from stock exchanges.
- Trading window closed until 48 hours post-board meeting announcement.
Price Impact
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