Key Dates and Timeline
- Initial Public Announcement (IPA): November 10, 2025
- Detailed Public Announcement (DPA): April 06, 2026
- Letter of Offer Dispatch: On or before April 08, 2026
- Reverse Book Building Period: April 15, 2026 to April 21, 2026
- BSE Final Delisting Approval: June 18, 2026 (Notice number 20260618-19)
- Trading Discontinuance Date: June 25, 2026
- Formal Delisting Date: July 03, 2026
- Exit Window Period: July 03, 2026 to July 02, 2027 (both days inclusive)
Parties Involved
Acquirers:
- Altis Properties Private Limited (Acquirer 1)
- GKS Technology Park Private Limited (Acquirer 2)
Persons Acting in Concert (PACs):
- Atul Gupta (PAC 1)
- K V Ramana Shetty (PAC 2)
Manager to Delisting Offer: Saffron Capital Advisors Private Limited
Registrar to Delisting Offer: CAMEO CORPORATE SERVICES LIMITED
Financial Terms
- Exit Price: ₹750 (Rupees Seven Hundred and Fifty only) per equity share
- Face Value: ₹10 per equity share
- Payment Cycle: Monthly payments within 10 working days from the end of the calendar month in which shares are tendered
Publication Details
The Exit Offer Public Announcement was published on June 22, 2026 in:
- Financial Express (English - All Editions)
- Jansatta (Hindi - All Editions)
- Navshakti (Marathi - Mumbai Edition)
Residual Shareholder Process
Shareholders who did not participate or were unsuccessful in the reverse book building process can tender their shares during the exit window. The Exit Letter of Offer will be dispatched to shareholders of record as of June 25, 2026. Shareholders can obtain copies from the Registrar or download from www.tulivedevelopers.com.