Nitin Castings proposes voluntary delisting from BSE
after close1 source ↓written by the desknot a recommendation
- of the equity
- 71.39%
- stake from public
- 28.61%
- totaling approximately
- 14,70,894 shares
Nitin Castings Limited has proposed a voluntary delisting from BSE, led by promoters who own 71.39% of the equity. They aim to acquire the remaining 28.61% stake from public shareholders, totaling approximately 14,70,894 shares. This move is intended to enhance operational flexibility and reduce compliance costs, allowing a sharper focus on core operations.
The delisting may impact public shareholders, offering them an exit opportunity while consolidating ownership under the promoters.
Not investment advice. For informational purposes only.