Frontier Capital: Promoters Sell 56.07% Stake to Acquirers

Frontier Capital Ltd announced that its Board of Directors has approved the execution of a Share Purchase Agreement (SPA) dated October 13, 2026. Under this agreement, the Company's Promoters will sell 93,98,455 equity shares, representing 56.07% of the paid-up equity share capital, to Mr. Prafful Agarwal and Mrs. Anupam Gupta (the "Acquirers"). The consideration is ₹10 per equity share. This transaction will trigger a mandatory open offer to the public shareholders as per SEBI regulations. The Board also noted the necessary filings with SEBI and the Stock Exchanges and reviewed procedural requirements for obtaining RBI approval for the change in management and control.