Saffron Capital Advisors Pvt Ltd ("Manager to the Open Offer") has informed BSE as under:<BR><BR>"Referring to the captioned Open Offer, the Draft Letter of Offer ('DLOF'), in terms of ....
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An open offer has been made by four acquirers — Jaykishor Chaturvedi, Siddharth Chaturvedi, Ankur Chaturvedi, and Brijlaxmi Infotech Limited — to buy up to 64,99,889 equity shares (face value ₹10) of Brijlaxmi Leasing & Finance Ltd from public shareholders at ₹10.05 per share, totalling about ₹6.53 crore. The offer is being made under SEBI's Takeover Regulations, 2011. The Draft Letter of Offer was submitted to SEBI in December 2025, and SEBI has now given its final comments on March 24, 2026. The next step is getting RBI approval, after which the Letter of Offer will be dispatched to eligible shareholders within 7 working days and the tendering window will open within 12 working days. Payment to shareholders who tender their shares will be completed within 10 working days of the tendering period closing, along with 10% annual interest for any delays.
Public shareholders can soon expect to receive the Letter of Offer and will have the option to tender their shares at ₹10.05 each. The open offer signals a change in control or significant stake acquisition, which may affect share price activity, though the offer price is very close to the face value and the deal size is relatively small (₹6.53 crore).