Elpro International's board approved a voluntary delisting proposal from BSE at a fixed price of ₹181.80 per share, 15% above the ₹158.07 floor price.
The delisting is subject to shareholder approval via special resolution and requires stock exchange and regulatory consents.
A due diligence report confirmed compliance with securities laws for the acquirers, who hold 75% stake, and top 25 public shareholders.
The acquirers, part of the promoter group, seek to acquire all 4.24 crore public shares representing 25% of paid-up capital.