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

Tirupati Agrotech has announced an open offer to acquire an additional 26% stake, or 7.82 lakh equity shares, of Jindal Leasefin at ₹18 per share. This offer follows Tirupati Agrotech's acquisition of 73.11% of Jindal Leasefin from its promoters, aiming to gain control and expand business operations. The total cash consideration for this open offer is approximately ₹1.41 Crore. Post-offer, Tirupati Agrotech expects to hold about 99.11% of Jindal Leasefin, an NBFC engaged in financial and allied services. An independent directors' committee will provide its assessment of the offer to public shareholders. The acquirer has indicated plans to ensure public shareholding compliance.