Tulive Developers Ltd Launches Exit Offer for Voluntary Delisting from BSE
Tulive Developers Limited is undergoing a voluntary delisting process as it prepares to be acquired. Altis Properties Private Limited and GKS Technology Park Private Limited, collectively referred to as the Acquirers, are proposing to acquire all equity shares held by Public Shareholders. The process is managed by Saffron Capital Advisors Private Limited, who serve as the Manager to the Delisting Offer.The Delisting Proposal aims to acquire all Equity shares currently held by public shareholders and consequently voluntarily delist the company from the BSE, in accordance with SEBI (Delisting of Equity Shares) Regulations, 2021. The Persons Acting in Concert (PACs) include Atul Gupta and K V Ramana Shetty.
The Delisting Offer has followed a structured timeline involving several public announcements and bidding periods. Saffron Capital Advisors Private Limited issued an Initial Public Announcement on November 10, 2025 (IPA), followed by the Detailed Public Announcement (DPA) on April 06, 2026. The Letter of Offer (LOF) was dispatched to Public Shareholders on or before April 08, 2026.
The bidding period for reverse book building commenced on Wednesday, April 15, 2026, and concluded on Tuesday, April 21, 2026. The outcome of the reverse book building was announced on Tuesday, April 21, 2026. Subsequently, BSE communicated its final approval for delisting on June 18, 2026 (BSE Final Delisting Approval).
The timeline leading up to the delisting is summarized below:
| Event | Date | Key Detail |
|---|---|---|
| Initial Public Announcement (IPA) | November 10, 2025 | Announced by Saffron Capital Advisors Private Limited. |
| Detailed Public Announcement (DPA) | April 06, 2026 | Published by the Manager to the Delisting Offer. |
| Bidding Period Closure | April 21, 2026 | End of reverse book building period. |
| BSE Final Delisting Approval Communication | June 18, 2026 | Confirmed final approval for delisting on June 18, 2026. |
| Trading Discontinuation Date (BSE) | June 25, 2026 | Scheduled date when trading of the Equity Shares will be discontinued from BSE. |
| Delisting Date (BSE) | July 03, 2026 | Date the Scrip Code will be delisted from BSE. |
Exit Offer Public Announcement Dissemination
The company's Exit Offer Public Announcement, published on June 22, 2026, was disseminated through various media channels to ensure wide public notice. The following newspapers and editions were included in the publication:| Newspaper | Language | Edition Coverage |
|---|---|---|
| Financial Express | English | All Editions |
| Jansatta | Hindi | All Editions |
| Navshakti | Marathi | Mumbai Edition |
Stock Price Movement
As of 13:00, shares of Tulive Developers Ltd are dipping slightly, currently trading at ₹1170.00 after the stock declined by 0.51%. The equity moved throughout the session within a tight range, having reached an intraday high of ₹1180.00 before finding support near its low of ₹1170.00.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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