Announced Mon, 15 Jun · 19:14 IST
SAT extends interim stay in Marwadi Chandarana open offer matter; next hearing June 16
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
+1.4%1-day move
₹5.72
prior close
₹5.96
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-5.4-5.2-2.9-1.3+1.4+3.1-0.3+3.1-0.9-7.3-3.8-11.4——
Up moveDown movePending
AI summary
Sundae Capital Advisors, manager to Marwadi Chandarana Intermediaries Brokers' open offer for TruCap Finance shareholders, updated that the Securities Appellate Tribunal (SAT) heard the matter on June 12, 2026. The Appellant's arguments could not be concluded due to time constraints. The matter is adjourned to June 16, 2026 at 2:30 pm. The interim stay granted by SAT on February 11, 2026 has been extended until the next hearing, keeping the open offer on hold for now.
Likely market impact
Open offer remains on hold pending SAT hearing; outcome may affect acquisition timeline and shareholder exit options.