STOCKWATCH
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Industrial Products
Delisting21 Apr 2026, 06:51 pm

Tulive Developers Delisting Successful at ₹750/Share; Promoter Stake 94.32%

AI Summary

Tulive Developers Ltd's voluntary delisting offer from BSE has been declared successful following the Reverse Book Building Process (RBBP). The offer, managed by Saffron Capital Advisors Pvt. Ltd., opened on April 15, 2026, and closed on April 21, 2026. The discovered price, which is also the exit price, was determined to be ₹750 per equity share. A total of 4,79,058 equity shares were successfully bid, with 19 successful bids received between ₹719.30 and ₹900. Post-delisting, the promoter and promoter group shareholding will increase to 94.32% of the total issued equity shares, exceeding the 90% threshold required by SEBI Delisting Regulations. The Acquirers have accepted the discovered price, and payment will be made to successful bidders.

Key Highlights

  • Delisting offer for Tulive Developers Ltd successful at ₹750 per equity share.
  • Reverse Book Building Process concluded on April 21, 2026.
  • 4,79,058 equity shares were successfully tendered during the offer period.
  • Post-delisting, promoter shareholding will reach 94.32%, exceeding 90% threshold.
  • Acquirers have accepted the discovered price of ₹750 per share.
TULIVE
Industrial Products
Tulive Developers Limited

Price Impact