Rarever Financial Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Public Shareholders of Jindal Leasefin Ltd ("Target ....
Awaiting price reaction for this filing.
Tirupati Agrotech Private Limited has submitted a Draft Letter of Offer to acquire up to 7,82,314 equity shares (26% of voting capital) of Jindal Leasefin Ltd from public shareholders at ₹18 per share in cash. This mandatory open offer has been triggered under SEBI (SAST) Regulations, 2011, following a Share Purchase Agreement where the acquirer agreed to purchase 73.11% stake (21,99,755 shares) from the existing Promoter Sellers at the same price of ₹18 per share. The total consideration for the open offer is approximately ₹14.08 crore assuming full acceptance. The Target Company is an NBFC registered with RBI, and the deal requires prior RBI approval for change of control. The offer opens on June 12, 2026 and closes on June 25, 2026. Upon completion, the acquirer will hold 99.11% of the company.
Shareholders have an opportunity to exit at ₹18 per share (26% premium over the minimum price). The acquisition will result in a change of control and promoters, with the acquirer planning to expand the NBFC business.