BSEPasupati Fincap LtdHighNeutral
Announced Wed, 5 Aug, 2026 · 12:44 IST
Open Offer at Rs 12/share for 26% stake in Pasupati Fincap by Uday Narang
Price reaction
Awaiting price reaction for this filing.
AI summary
Uday Narang (Acquirer) has signed a Share Purchase Agreement with promoter Dinesh Pareekh to buy 5,42,925 shares (11.55%) of Pasupati Fincap at Rs 12/share, totaling Rs 65.15 lakh. This triggers a mandatory open offer for up to 12,22,000 shares (26%) at Rs 12/share, with aggregate consideration of Rs 1.47 crore. Post-transaction, the Acquirer's holding may rise to 37.55%. Detailed Public Statement to be issued by August 12, 2026.
Likely market impact
Public shareholders can tender shares at Rs 12/share. Change in control likely as Acquirer may hold 37.55% post-offer.