TCI Developers: Revised Floor Price | Value Research

TCI Developers: Revised Floor Price

Saffron Capital Advisors Pvt Ltd ("Manager to the Delisting Offer") has informed BSE that :

"We wish to inform you that we have received an email dated July 29 2022 from the Promoter Acquirer wherein on the basis
of report dated July 29 2022 obtained by the Promoter Acquirer from Sundae Capital Advisors Private Limited (IBBI Registration No. IBBI/RV-E/03/2021/136)) (Valuer) for computing Revised floor price (Revised Floor Price) of equity shares of the Company for the Delisting Proposal Rs. 358.22 (Rupees Three Hundred Fifty-Eight and Twenty- Two Paise only) per equity share and Rs. 400 (Four Hundred only) per equity share is the Revised Floor Price and Indicative Delisting Offer Price respectively for the Delisting Proposal".

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