Hitech Corp Delisting Offer Successful; Discovered Price Rs. 425/Share
Hitech Corporation Limited's voluntary delisting offer is successful. The reverse book building process concluded on October 13, 2026, with a discovered price of ₹425 per equity share. The offer received 34,16,208 valid bids. The promoter group's post-delisting shareholding exceeded the required 90%.
Delisting is a significant corporate action that fundamentally changes the company's public trading status and impacts all shareholders.
The delisting offer's success and the determination of a discovered price are positive developments for the company and its shareholders who participated in the offer.
Hitech Corporation Limited has announced the outcome of its voluntary delisting offer, conducted through a reverse book building process. The offer, which opened on October 7, 2026, and closed on October 13, 2026, aimed to delist the company's equity shares from BSE Limited and the National Stock Exchange Limited.
The reverse book building process received 34,16,208 equity shares through 778 valid bids, with prices ranging from ₹252 to ₹2000 per equity share. The discovered price for the delisting offer has been determined at ₹425 per equity share.
The delisting offer is considered successful as the post-offer shareholding of the acquirer, along with promoters and the promoter group, has exceeded 90% (92.67%) of the total issued equity shares, excluding certain specified shares as per SEBI Delisting Regulations. This success is contingent on the acquirer accepting the discovered price of ₹425 per equity share.
Following the acceptance of the discovered price, payments to successful bidders will be processed as per SEBI Delisting Regulations and the settlement calendar of BSE Clearing Limited. A post-offer public announcement will be made to disclose the success of the reverse book building process and the acceptance of the discovered price.
What to do with a filing like this
Hitech Corporation Limited filed this with the NSE as a statutory disclosure, categorised under delisting. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Hitech Corporation Limited. Read the original for the full detail.