Brijlaxmi Leasing Withdraws Open Offer After RBI Rejection

Brijlaxmi Leasing & Finance Ltd announced the withdrawal of its open offer to public shareholders. The Reserve Bank of India (RBI) did not approve the proposed change in shareholding, which was a prerequisite for the acquisition by the Acquirers. Consequently, the open offer to acquire 64,99,889 equity shares at ₹10.05 per share, amounting to ₹6,53,23,884.45, has been withdrawn as per SEBI SAST Regulations. The withdrawal announcement was published in Financial Express, Jansatta, and Navshakti.