- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Nitin Castings' promoters are initiating a voluntary delisting to gain full ownership, aiming for enhanced operational flexibility and reduced compliance overhead. They are offering to buy out public shareholders' 28.61% stake, with a floor price of ₹273.36 per share. Public investors can tender their shares between August 5 and August 11 through a reverse book-building process, providing an exit opportunity at a market-determined price. The company's board has expressed a favorable view of the offer, which is backed by 40.21 Cr in escrow funds.