Saffron Capital Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Corrigendum to the Public Announcement, The Detailed Public Statement and the Draft Letter ....
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Saffron Capital Advisors, the manager to the open offer, has submitted a corrigendum to the Public Announcement, Detailed Public Statement, and Draft Letter of Offer to BSE. The offer is by four acquirers — Jaykishor Chaturvedi, Siddharth Jaykishor Chaturvedi, Ankur J Chaturvedi, and Brijlaxmi Infotech Limited — to buy up to 64,99,889 equity shares (face value ₹10) of Brijlaxmi Leasing & Finance at ₹10.05 per share, aggregating about ₹6.53 crore. The corrigendum was published on February 27, 2026 in Financial Express, Jansatta, Navshakti, and Ahmedabad Express. The open offer is being made under SEBI's Takeover Regulations (SAST), 2011.
The offer price of ₹10.05 is barely above the face value of ₹10, offering virtually no premium to public shareholders. This appears to be a mandatory SEBI-triggered open offer rather than a value-accretive buyout, so existing shareholders are unlikely to see a meaningful price benefit. Total deal value is small at around ₹6.5 crore.