Rarever Financial Advisors Pvt. Ltd. ("Manager to the Offer") has informed BSE as under :<BR><BR>"With reference to the captioned subject, Public Announcement dated November 29, 2024, Detailed ....
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Mr. Akhil Mittal and Ms. Pratika Sharma (collectively the Acquirers) have proposed an open offer to buy 2,11,02,120 equity shares (26% of the emerging voting share capital) of Ramchandra Leasing & Finance Ltd from public shareholders at a face value of ₹1 per share. The Manager to the Offer, Rarever Financial Advisors Pvt. Ltd., has informed BSE that the Identified Date has been fixed as August 20, 2025. This date will be used to determine which shareholders will receive the Letter of Offer. The process began with the Public Announcement on November 29, 2024, followed by the Detailed Public Statement on December 6, 2024, and the Draft Letter of Offer on December 13, 2024.
This is a procedural update confirming the open offer is moving forward. Shareholders of record as on August 20, 2025 will be eligible to receive the Letter of Offer and decide whether to tender their shares. The actual offer price and tendering window are yet to be detailed in the upcoming Letter of Offer.