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

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDFExplain this filing
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.