Open offer appeal hearing postponed to November 20, 2026

Open offerStrategic Transactions View source PDF Explain this filing

TRU · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹3.95

prior close

₹4.07

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%-1.7% vs market

Non Banking Financial Company (NBFC) peers, median of 213sector+0.2%+0.3% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.3 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.5

15m

+0.2

30m

-3.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+2.2-1.7+0.2+0.3

Next day

+12.4pendingpending+1.4+11.0

+6.3pendingpending+1.6+4.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 213Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sundae Capital Advisors, manager to the open offer, reported that an appeal concerning Marwadi Chandarana Intermediaries Brokers' offer for Trucap Finance was heard on November 3, 2026. The hearing was adjourned after counsel sought time to review a written reply and is now scheduled for November 20, 2026.

Likely market impact

The unresolved appeal leaves uncertainty around the open offer's outcome and timing for Trucap shareholders.