
Delisting28 Jul 2026, 10:47 am
Nitin Castings Ltd Announces Voluntary Delisting Offer
AI Summary
Nitin Castings Ltd has received a Letter of Offer (LOF) from its promoters, Mr. Nirmal B. Kedia, Mr. Nitin S. Kedia, and Citrus Castings Private Limited, for a voluntary delisting of the company's equity shares from the BSE. The offer, managed by Navigant Corporate Advisors Limited, aims to acquire all equity shares held by public shareholders. The delisting will be conducted through a Reverse Book Building Process as per SEBI Delisting Regulations. The offer price is set at ₹273.36 per share. The bid opening date is August 5, 2026, and the closing date is August 11, 2026. The LOF will be dispatched to public shareholders by July 29, 2026.
Key Highlights
- Promoters initiate voluntary delisting of Nitin Castings Ltd from BSE.
- Offer price set at ₹273.36 per share via Reverse Book Building.
- Delisting offer period: August 5 to August 11, 2026.
- Letter of Offer to be dispatched by July 29, 2026.
- Acquirers are Nirmal B. Kedia, Nitin S. Kedia, and Citrus Castings Pvt Ltd.
Price Impact
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