23-Oct-2026 20:28:44
JINDALPHOT : VOLUNTARY DELISTING OFFER WORTH OVER RS 109 CR
• Promoter group entities Concatenate Power Advest and Concatenate Advest Advisory, with Jindal India Power as PAC, offer to buy 26,46,183 shares or 25.80% of equity from public shareholders • Floor price ₹1,119.50 per share and indicative price ₹1,120 per share; offer consideration ~₹296.37 Cr already deposited in cash in escrow with HDFC Bank • Reverse book building bid window opens November 2, 2026 and closes November 6, 2026; discovered price must take promoter holding to 90% • Promoter and promoter group currently hold 74.20% (Acquirer 1 holds 73.18%); delisting from both BSE and NSE • NSE September 2026 average price was ₹1,055.98 versus the ₹1,119.50 floor; residual shareholders get a one-year exit window at the exit price
Jindal Photo Ltd
Open attachment