Delisting11 Aug 2026, 06:21 pm
Nitin Castings Delisting Offer Successful Above ₹300
AI Summary
Nitin Castings Limited's voluntary delisting offer has been deemed successful as the post-offer shareholding of the acquirers and promoter group exceeded the 90% threshold, reaching 90.73%. The reverse book building process, which ran from August 5 to August 11, 2026, saw a discovered price of ₹300.00 per equity share. A total of 753,984 equity shares were successfully bid for within the price range of ₹273.36 to ₹300.00. The company's total issued shares are 51,41,330. The success hinges on the acquirers accepting the discovered price. If accepted, payments will be made according to SEBI regulations, and liens on unaccepted shares will be released.
Key Highlights
- Delisting offer successful as promoter shareholding crossed 90%.
- Discovered price set at ₹300.00 per equity share.
- 753,984 shares successfully bid in reverse book building.
- Post-delisting promoter shareholding reached 90.73%.
- Acquirers' acceptance of discovered price is crucial for completion.
Price Impact
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