JJ IPO Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement undre the provisions of Regulations 3(1) and 4 read with Regulations 13(1), 14 and 15(1) ....
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Arco Leasing Limited, a BSE-listed NBFC holding company, has received a Public Announcement for an open offer by Mr. Jitesh Kothari and Mr. Atul Jaiswal (the Acquirers) to buy up to 27,74,970 shares (25.57% of expanded voting capital) from public shareholders at ₹10 per share, totalling about ₹2.77 crore. The offer is triggered by two underlying deals signed on March 13, 2026: a Share Purchase Agreement to acquire 1,28,600 shares (1.18%) from 10 existing promoter shareholders (Ruia family and related LLPs) at ₹6 per share, and a Share Subscription Agreement for a preferential allotment of 79,50,000 fresh shares (73.25%) to the Acquirers at ₹10 per share, amounting to ₹7.95 crore. After completion, the Acquirers will each hold 50% (totalling 100%) and become the new promoters, while the existing Ruia-family promoters will exit and apply for declassification. The deal is conditional on RBI approval since Arco Leasing's subsidiary is an RBI-registered NBFC.
This is a complete change-of-control transaction: public shareholders get a ₹10 exit option but the open offer size is small (~₹2.77 crore) and the shares are infrequently traded, so real liquidity may be limited. Existing promoters are fully exiting, and the new promoters are infusing ₹7.95 crore via preferential issue, which strengthens the company's capital base but also concentrates 100% ownership with the Acquirers.