BSEPasupati Fincap LtdHighNeutral
Announced Wed, 19 Aug, 2026 · 18:15 IST
Uday Narang proposes 26% Pasupati Fincap open offer at ₹12
Price reaction
Awaiting price reaction for this filing.
AI summary
Uday Narang proposes to buy up to 12,22,000 Pasupati Fincap shares, equal to 26%, at ₹12 each in cash. The offer follows his agreement to buy 5,42,925 shares, or 11.55%, for ₹65.15 lakh and take management control. The draft was filed on August 19, 2026; full acceptance could lift his holding to 37.55%. Tendering is tentatively September 29 to October 13, 2026.
Likely market impact
Shareholders get a cash exit at ₹12, but excess tenders may be accepted only in part. The control change may increase business and stock uncertainty.