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Takeovers and Delisting – February 2026

In the stock markets, takeover and delisting developments remain among the most closely tracked corporate actions. They often trigger sharp price movements, influence liquidity, and reshape shareholder participation. Staying informed helps investors evaluate opportunities, manage risks, and take timely, well-considered decisions.

February 2026 witnessed the continuation of certain open offers that began in January, along with fresh acquisition interest emerging during the month. Below is a snapshot of key takeover and delisting events relevant to investors in February 2026.

 

Takeovers and Delisting – February 2026

Scrip / Company NameTypeStart DateEnd DateOffer Price (₹)Settlement Date
KESORAM INDUSTRIES LTDTakeover25-02-202612-03-2026₹5.48 per share-
JMG Corporation LtdTakeover13-02-202627-02-202627-02-2026-
NET PIX SHORTS DIGITAL MEDIA LTDTakeover13-02-202627-02-202627-02-2026-
SRM ENERGY LtdTakeover11-02-202625-02-2026₹4 per share
HARMONY CAPITAL SERVICES LtdTakeover11-02-202625-02-2026₹10 per share-
CLASSIC FILAMENTS LtdTakeover11-02-202625-02-2026₹12 per share-

 

Takeovers

A takeover happens when an acquirer aims to gain control of a listed company, typically through an open offer to existing public shareholders. Depending on how the target company’s management responds, the deal can be friendly or hostile.

For investors, such offers can create an exit window, sometimes at a premium to prevailing market prices, reflecting the acquirer’s strategic interest. That said, before tendering shares, investors should assess the attractiveness of the offer price, the financial strength and intent of the acquirer, funding clarity, and the long-term plans for the business.

 

Delisting

Delisting means the company’s shares will no longer trade on the stock exchange. This can be voluntary (initiated by promoters seeking full control) or compulsory due to regulatory issues or non-compliance.

In voluntary delistings, shareholders usually receive an exit opportunity through the Reverse Book Building (RBB) mechanism, which helps discover a fair price. While this provides liquidity at the time of exit, investors should remember that once delisted, the stock cannot be traded in the regular market.

 

Key Takeaways for Investors

Takeovers and delistings can meaningfully impact share prices, liquidity conditions, and overall sentiment toward a company.

They may present attractive exit opportunities, but they also carry risks related to valuation, timelines, approvals, and execution.

It is essential to track exchange announcements, detailed offer documents, and official disclosures before making any decision.

For large or complex transactions, seeking professional advice or independent valuation support can help investors act with greater clarity.

Latest Updates

26 Feb 2026

Alert

Update on Physical Settlement in Stock F&O Contracts

From the upcoming expiry, full contract value funding is mandatory for positions resulting in physical settlement. If funds are not available, positions will be squared off before expiry, and any losses or charges will be borne by the client.

25 Feb 2026

Update

IRFC OFS Opens for Retail on Feb 26 at ₹104 Floor Price

The government has set a floor price of ₹104 per share for the IRFC offer for sale (OFS), with retail bidding opening on February 26, 2026, following non-retail participation on February 25. The Centre plans to divest up to a 4% stake in Indian Railway Finance Corporation, potentially raising around ₹5,430 crore at the indicated price. Meanwhile, IRFC shares slipped to a two-year low of ₹104.52 on the NSE.