Arco Leasing: Open Offer for 25.57% shares at ₹10.00

JJ IPO Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Letter of Offer to BSE for Arco Leasing Ltd's public shareholders. This pertains to an open offer by Mr. Jitesh Kothari and Mr. Atul Ramshankar Jaiswal to acquire up to 27,74,970 equity shares, representing 25.57% of the expanded voting share capital, at an offer price of ₹10.00 per share. The offer is made pursuant to SEBI (SAST) Regulations, 2011, for substantial acquisition and change in control. The offer is not conditional on minimum acceptance and has no differential pricing. Approvals for change in control and management of a subsidiary have been obtained from the RBI.