Tulive Developers Ltd — Important, 01-01-1970: Company Update

Tulive Developers is facing a voluntary delisting offer from Altis Properties and GKS Technology Park, aiming for full ownership. Promoters currently hold 72.10% of shares, while public shareholders own 27.90%. This offer provides an opportunity for public shareholders to sell their shares through a reverse book-building process. The floor price is ₹719.30 per share, with an indicative price of ₹750. The acquirers have deposited ₹45.09 Cr in an escrow account to facilitate the offer. This strategic move seeks to enhance financial flexibility and streamline operations by reducing listing-related complexities and costs for Tulive.