Nitin Castings Ltd Delisting Offer Letter Issued
Navigant Corporate Advisors Ltd, acting as the Manager to the Delisting Offer, has submitted a Letter of Offer to BSE for the public shareholders of Nitin Castings Ltd. The offer is a voluntary delisting initiative by promoters Mr. Nirmal B. Kedia, Mr. Nitin S. Kedia, and Citrus Castings Private Limited. The Letter of Offer will be dispatched to public shareholders by July 29, 2026. The delisting offer, in accordance with SEBI Delisting Regulations, invites shareholders to tender their equity shares via a Reverse Book Building Process. The offer price is set at ₹273.36 per share. The bid opening date is August 5, 2026, and the bid closing date is August 11, 2026. Allwin Securities Limited has been appointed as the registered broker for the transaction.
Key Highlights
- Promoters initiate voluntary delisting of Nitin Castings Ltd from BSE.
- Offer price set at ₹273.36 per equity share.
- Delisting offer open from August 5 to August 11, 2026.
- Letter of Offer to be dispatched to shareholders by July 29, 2026.
- SEBI Delisting Regulations govern the voluntary delisting process.
Price Impact
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