Ramchandra Leasing & Finance Ltd — Important, 01-01-1970: Company Update

Akhil Mittal and Pratika Sharma concluded their open offer for Ramchandra Leasing and Finance Limited shares. While they aimed to acquire 2.11 Cr shares, 86.95 lakh shares were successfully tendered and accepted at ₹2.36 each, totaling approximately ₹2.05 Cr. This transaction, combined with previous acquisitions via a share purchase agreement and preferential issue, increased the acquirers' total stake from 44.21% to 54.93%. This marks a significant change in company control, with the acquirers becoming the new promoters.