Saffron Capital Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Brijlaxmi Leasing & Finance Ltd ("Target Company").
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Saffron Capital Advisors, the manager to the open offer, has filed the Draft Letter of Offer with BSE for an Open Offer to acquire up to 48,74,650 equity shares (100% of existing public shareholding) of Brijlaxmi Leasing & Finance Ltd, an RBI-registered NBFC. The offer price is fixed at ₹10.05 per share, with a maximum total payout of around ₹4.90 crore. The acquirers are the existing promoter group — Jaykishor Chaturvedi, Siddharth Chaturvedi, Ankur Chaturvedi, and Brijlaxmi Infotech Limited. The open offer is triggered by an underlying transaction where promoter loans (from a 2010 loan agreement) will be converted into equity, combined with a proposed preferential issue of 1.85 crore new equity shares. The offer is subject to RBI approval since the target is an NBFC. The tendering window is scheduled from January 29, 2026 to February 11, 2026.
Public shareholders can tender their shares at ₹10.05 per share during the offer window. Since this is effectively a promoter take-private attempt that could reduce public holding below the mandatory 25%, the acquirers may need to delist or bring down non-public shareholding to 75% within a year. Shareholders should compare the offer price against prevailing market price before deciding to tender.