News ArticleJindal Photo Limited Completes Voluntary Delisting Offer at Rs. 1,161 Discovered Price Per Share
Offer period from November 2 to November 6, 2026, receives bids for 16,80,649 shares, pushing promoter holding above 90%, confirming offer success
Jindal Photo Limited's voluntary delisting offer closed successfully on November 6, 2026, with a discovered price of Rs. 1,161 per equity share, exceeding the 90% minimum acceptance threshold. A total of 16,80,649 shares were bid during the offer period from November 2 to November 6, 2026.
Jindal Photo Limited
Corporate Action
Jindal Photo Limited announced the successful completion of its voluntary delisting offer from BSE and NSE with a discovered price of Rs. 1,161 per equity share after the reverse book building process ending November 6, 2026.
The delisting offer opened on November 2, 2026, and closed on November 6, 2026. During this period, 16,80,649 equity shares were successfully bid through 320 bids at prices ranging from Rs. 1,119.50 to Rs. 3,000 per share.
The discovered price for the delisting offer was Rs. 1,161 per equity share, which is above the floor price of Rs. 1,119.50, with 103 bids for 22,293 shares placed above the discovered price.
Post-delisting, the combined promoter and promoter group shareholding increased to 90.37% of total issued equity shares, surpassing the 90% threshold of remaining shares, confirming the offer's success.
The total issued equity shares before delisting stood at 1,02,58,326, with shares held by custodians overseas, trusts, and inactive shareholders detailed separately.
Payments to successful bidders will be processed according to SEBI regulations and clearing norms upon acceptance of the discovered price by the acquirers and persons acting in concert (PAC).
Highlights
- Delisting offer size: 26,46,183 equity shares
- Discovered price: Rs. 1,161 per equity share
- Bid range: Rs. 1,119.50 to Rs. 3,000 per share
- Total successful bids: 320 for 16,80,649 equity shares
- Promoter shareholding post-offer: 90.37% of total shares
- Offer period: November 2 to November 6, 2026
Key Data Snapshot
What happened
- Jindal Photo Limited completed its voluntary delisting offer with a discovered price of Rs. 1,161 per equity share.
- The reverse book building process ran from November 2 to November 6, 2026, on BSE and NSE.
- A total of 16,80,649 shares were successfully bid, exceeding the minimum threshold for delisting success.
Key details
- The delisting offer size was 26,46,183 equity shares, with bidding prices ranging from Rs. 1,119.50 to Rs. 3,000 per share.
- 103 bids for 22,293 shares were placed above the discovered price, indicating strong interest.
- Promoter and promoter group shareholding increased to 92,70,255 shares or 90.37% post-delisting offer completion.
- 244 physical bids were rejected due to non-receipt of documents.
Regulatory and governance context
- The delisting outcome complies with SEBI (Delisting of Equity Shares) Regulations, 2021, particularly Regulation 21 regarding minimum acceptance thresholds.
- Payment to successful bidders will be made as per SEBI regulations and Indian Clearing Corporation Limited's settlement calendar.
- Shares not accepted or rejected will have liens released in demat accounts in accordance with SEBI rules.
- A public announcement will be made regarding acceptance or rejection of the discovered price as required by SEBI regulations.
Highlights
- Delisting offer size: 26,46,183 equity shares
- Discovered price: Rs. 1,161 per equity share
- Bid range: Rs. 1,119.50 to Rs. 3,000 per share
- Total successful bids: 320 for 16,80,649 equity shares
- Promoter shareholding post-offer: 90.37% of total shares
- Offer period: November 2 to November 6, 2026
Disclosures
- SEBI (Delisting of Equity Shares) Regulations, 2021
- SEBI Circulars
- Indian Clearing Corporation Limited settlement guidelines
Post-delisting promoter and promoter group shareholding stands at 90.37%
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