Delisting11 Aug 2026, 06:12 pm
Nitin Castings Delisting Offer Successful at ₹300
AI Summary
Nitin Castings Limited announced the outcome of its voluntary delisting offer. The reverse book building process, which ran from August 5 to August 11, 2026, saw a discovered price of ₹300.00 per equity share. With 7,53,984 shares successfully bid at or below the discovered price, and post-delisting promoter shareholding reaching 90.73%, the delisting offer is deemed successful as per SEBI regulations, provided the acquirers accept the discovered price. Payment to successful bidders will follow SEBI guidelines.
Key Highlights
- Delisting offer discovered price set at ₹300 per share.
- Reverse book building process concluded on August 11, 2026.
- Post-delisting promoter shareholding exceeded the 90% threshold.
- Delisting deemed successful pending acquirer acceptance of the price.
Price Impact
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