Delisting23 Apr 2026, 05:52 pm
Tulive Developers Delisting Offer Successful
AI Summary
Saffron Capital Advisors Pvt. Ltd., Manager to the Delisting Offer for Tulive Developers Limited, has announced the successful completion of the delisting offer. The Reverse Book Building Process (RBBP) saw the tendering of the minimum required number of shares as per SEBI Delisting Regulations. Consequently, the combined shareholding of the Acquirers (Altis Properties Private Limited and GKS Technology Park Private Limited) and the Promoter Group now exceeds 90% of the total issued equity shares. The initial public announcement was made on November 10, 2025, with the bidding period concluding on April 21, 2026. A Post-Offer Public Announcement was published on April 23, 2026, confirming the success of the delisting proposal.
Key Highlights
- Tulive Developers' delisting offer has been declared successful.
- Minimum required shares were tendered in the Reverse Book Building Process.
- Acquirers' and Promoters' post-offer shareholding exceeded 90%.
- Saffron Capital Advisors managed the delisting process.
- The delisting proposal was initiated by Altis Properties and GKS Technology Park.