Delisting29 Jun 2026, 03:26 pm
Jindal Photo Ltd Faces Delisting Proposal from Promoter Group
AI Summary
Jindal Photo Limited is subject to a voluntary delisting proposal initiated by its promoter group. Concatenate Power Advest Private Limited and Concatenate Advest Advisory Private Limited, along with Jindal India Power Limited (as PAC), intend to acquire all equity shares held by public shareholders. This move aims to delist the company's shares from both the BSE and NSE. Saffron Capital Advisors Pvt. Ltd is acting as the Manager to the Offer for this delisting proposal, which is being executed in accordance with SEBI (Delisting of Equity Shares) Regulations, 2021. The announcement details the number of shares to be acquired, representing 25.80% of the paid-up equity share capital.
Key Highlights
- Promoter group intends to acquire all public shares of Jindal Photo Ltd.
- The goal is to voluntarily delist the company's equity shares from BSE and NSE.
- The delisting offer is made in accordance with SEBI Delisting Regulations, 2021.
- Approximately 26.46 lakh shares, or 25.80% of paid-up capital, are targeted.
- Saffron Capital Advisors is appointed as the Manager to the Offer.
Price Impact
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