Elpro International Ltd. Initiates Voluntary Delisting Offer; Fixed Price Set at ₹181.80 per Share
Elpro International Limited has initiated a voluntary delisting offer of its Equity Shares from the BSE, with the Acquirers setting a fixed price for the transaction through a public tender mechanism. The delisting proposal involves the acquisition of Public Shareholders' shares by the promoter group members, aiming to reduce ongoing compliance costs and provide liquidity to shareholders.The Delisting Offer is being conducted by Motilal Oswal Investment Advisors Limited as the Manager to the Delisting Offer. The Acquirers include I G E (India) Private Limited and Zenox Technology Services Private Limited, along with persons acting in concert, who collectively hold a significant portion of the company’s equity capital.
The offer details are outlined below:
| Particular | Detail |
|---|---|
| Company Name | Elpro International Limited |
| Stock Exchange | BSE |
| Offer Mechanism | Fixed Price Process via Acquisition Window Facility |
| Floor Price (certified) | ₹ 158.07 per Equity Share |
| Fixed Delisting Price | ₹ 181.80 per Equity Share |
| Tendering Opening Date | August 4, 2026 |
| Tendering Closing Date | August 10, 2026 |
The Acquirers are seeking to acquire 4,23,70,160 Equity Shares from the Public Shareholders, which represent 25.00% of the paid-up Equity Share Capital of Elpro International Limited. The total acquired shares must amount to at least 90% or more of the equity share capital for the Delisting Offer to be successful.
Key operational details and timelines for the process are summarized in the schedule:
| Activity | Date / Timeline |
|---|---|
| Detailed Public Announcement Publication | July 27, 2026 |
| Tendering Opening Date | August 4, 2026 |
| Last date for upward revision or withdrawal of tenders | August 7, 2026 |
| Tendering Closing Date | August 10, 2026 |
| Proposed payment date of consideration | August 12, 2026 |
The Acquirers have appointed Motilal Oswal Financial Services Limited as the Buying Broker for the Delisting Offer. The Registered Office of Elpro International Limited is located in Nariman Point, Mumbai.
Financial and corporate structure details of the target company are also disclosed within the offer documents:
| Particulars | Details |
|---|---|
| Issued Equity Share Capital | ₹ 16,94,82,360 |
| Subscribed and Paid-up Equity Share Capital | ₹ 16,94,79,130 |
| Total Paid-up Equity Shares | 16,94,79,130 |
The Acquirers' intent is to secure full ownership of the Target Company post-delisting. This move is stated to provide increased operational and financial flexibility for the business, as well as to allow public shareholders an opportunity to realize immediate value amidst market volatility.
ELPROINTL Stock Price Movement
As of 1:52 PM, shares of Elpro International Limited are slipping by 0.01% in live trading, currently trading at ₹176.5. The stock moved through an intraday range spanning from a low of ₹174.5 to a high of ₹177, with 106,634 shares traded so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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