Jindal Leasefin Ltd — Important, 01-01-1970: Company Update

Tirupati Agrotech Private Limited has announced an open offer for Jindal Leasefin Limited. This follows an agreement to acquire 21.99 Lakh shares (73.11%) from current promoters for ₹3.96 Cr. The open offer targets an additional 7.82 Lakh shares (26%) from public shareholders at ₹18 per share, totaling ₹1.41 Cr. This acquisition will establish Tirupati Agrotech as the new promoter with control. Post-offer, Tirupati Agrotech's holding will be 99.11%, requiring future compliance with minimum public shareholding norms. While the Acquirer's promoters face ongoing civil proceedings, they remain eligible to participate in securities transactions.