Hitech Corporation Delisting Offer Successful at Rs 425

Discovered Price: Rs 425 per share.
Post-Offer Promoter Shareholding: 92.67%.

Reader Takeaway: The delisting offer successfully crossed the 90% regulatory threshold; investors now await formal price acceptance and payment.

What just happened

Hitech Corporation Limited has concluded its Reverse Book Building Process (RBBP) for voluntary delisting, held between October 7 and October 13, 2026. The offer, led by promoter group member Geetanjali Trading and Investments Private Limited, saw shareholders set a discovered price of Rs 425 per share. This price is significantly higher than the floor price of Rs 252 and the indicative price of Rs 353. The acquisition process has pushed the promoter group’s shareholding to 92.67%.

Why this matters

Passing the 90% threshold is the critical regulatory milestone required for a company to delist from the stock exchanges. With 3,416,208 shares tendered successfully, the company has effectively satisfied the criteria set by SEBI for voluntary delisting. The outcome signals a shift for minority shareholders as the company prepares to transition into a private entity.

What changes now

The process is now subject to the formal acceptance of the discovered price by the acquirer. Once accepted, payment will be processed for successful bidders via the BSE Clearing Limited settlement system. Shareholders who did not tender their shares or whose bids were outside the discovered price will have the liens on their demat accounts released in accordance with SEBI regulations.

What to track next

Investors should look for the official post-offer public announcement. This disclosure will confirm the final acceptance of the Rs 425 price and provide the specific timeline for fund settlement and the eventual delisting date.