ALPHA TRIBE

Nitin Castings LtdImportant, 11-08-2026: Company Update

11-08-2026 | 05:59 pm

Nitin Castings Limited announced the outcome of its Reverse Book Building Process for voluntary delisting from BSE. The process discovered an exit price of Rs. 300.00 per equity share, exceeding the floor price of Rs. 273.36. With 7,53,984 shares successfully bid at or below this discovered price, the delisting offer is considered successful. This is because the post-offer promoter and promoter group shareholding would reach 90.73%, surpassing the required 90% threshold. Payment will be made to successful bidders if the acquirers accept the Rs. 300.00 price.

No comments yet. Be the first to comment!

All announcements from Nitin Castings Ltd