StockWatch
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Castings & Forgings
Delisting13 Aug 2026, 11:55 am

Nitin Castings Delisting Offer Fails

AI Summary

Nitin Castings Ltd's voluntary delisting offer has failed. The offer, which opened on August 5, 2026, and closed on August 11, 2026, did not receive sufficient valid bids. A total of 9,08,978 equity shares were tendered by public shareholders within the price range of ₹273.36 to ₹1,299.00. The discovered price was ₹300 per equity share. The Acquirers, including Mr. Nirmal B. Kedia, Mr. Nitin S. Kedia, and Citrus Castings Private Limited, have issued a Post Offer Public Announcement confirming the failure of the delisting process as per SEBI Delisting Regulations.

Key Highlights

  • Nitin Castings' delisting offer has failed.
  • 9,08,978 shares tendered by public shareholders.
  • Discovered price set at ₹300 per equity share.
  • Delisting process concluded on August 11, 2026.