Sundae Capital Advisors Private Limited has submitted to the Exchange a copy of Detailed public statement in terms of Regulations 3(1) and 4 Read with Regulation 13(4),14(3) and 15(2) and other applicable Regulations of the securities and Exchange board of India ( SAST) Regulations, 2011 as amended, to the eligible shareholders of the company.

Marwadi Chandarana Intermediaries Brokers Private Limited has triggered a mandatory Open Offer to acquire up to 6,26,81,904 equity shares (26% of the Emerging Share Capital) of TruCap Finance Limited at Rs. 9.88 per share, aggregating to about Rs. 61.93 crores. The offer follows a Share Purchase Agreement to buy 3,68,00,220 shares from existing promoters and a Preferential Allotment of 11,56,80,000 equity shares plus 9,37,00,000 convertible warrants at the same price, which will give the acquirer control of the company. The Acquirer will become the new promoter, existing promoters will be reclassified as public shareholders, and board changes are proposed including appointment of new directors. The transaction is subject to RBI approval and other conditions precedent.