Sundae Capital Advisors Private Limited has Submitted to the Exchange a copy of Interim order of The Hon ble SAT in the matter of Open Offer given by Marwadi Chandarana Intermediaries Brokers Private Limited (Acquirer) to the shareholders of Trucap Finance Limited (Target Company).
TRU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sundae Capital Advisors, the manager to the open offer by Marwadi Chandarana Intermediaries Brokers for TruCap Finance shareholders, has shared an update on the SAT proceedings. At the April 24, 2026 hearing, the Appellant sought an adjournment, which was granted by the Hon'ble Tribunal. The Tribunal also directed that the existing interim order will continue until the next hearing, which is now scheduled for June 12, 2026. The matter remains pending with no final ruling yet.
The continuation of the interim order means the status quo on the open offer remains in force, keeping the proposed acquisition on hold. Shareholders awaiting clarity on the open offer may face continued uncertainty until the next hearing in June 2026.