Open Offer / Delisting
SFAL launches open offer for Nilachal Refractories with delisting intent
SFAL Speciality Alloys (via Narnolia) announced a mandatory open offer to acquire up to 59,83,928 shares (29.39%) of Nilachal Refractories at ₹22/share (base ₹20), total consideration up to ₹13,16,46,416, and intends to delist (SPA dated 11-Mar-2026).



