Announced Tue, 1 Sept, 2026 · 19:33 IST
Open Offer update for Trucap Finance by Marwadi Chandarana
Listed Co AcquisitionOpen Offer TriggeredDeal CancelledStrategic Transactions View source PDFExplain this filing
TRU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹4.08
prior close
₹4.09
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.9-2.9-2.2-3.2-0.5-0.5+0.2+0.2+2.9+5.4+4.9+2.0——
Up moveDown movePending
AI summary
Marwadi Chandarana Intermediaries (Acquirer) had terminated the SPA for 3.68 crore shares and SSA for 11.57 crore shares plus 9.37 crore convertible warrants in Sep 2025. It sought SEBI approval to withdraw the open offer, which SEBI refused. Acquirer appealed to SAT; SAT on July 8, 2026 set aside SEBI's Jan 30, 2026 order. SEBI issued fresh observations on Aug 20, 2026. Acquirer filed another SAT appeal on Aug 31, 2026, hearing scheduled for Sept 7, 2026. No stay on offer proceedings yet.
Likely market impact
Open offer remains active despite termination of underlying deals; outcome of Sept 7 SAT hearing is key for shareholders.