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

Tirupati Agrotech Private Limited has made an open offer to acquire 7,82,314 equity shares, representing 26% of Jindal Leasefin Limited's voting capital, at ₹18 per share in cash. This follows an agreement to purchase 73.11% of shares from promoters for ₹3.96 Cr. The open offer's total consideration is ₹1.41 Cr. This move aims for Tirupati Agrotech to gain management control and drive business expansion in the NBFC sector. The acquisition is subject to Reserve Bank of India approval. Post-offer, Tirupati Agrotech's stake could reach 99.11%, becoming the new promoter.