Jindal Leasefin Open Offer Withdrawn Post RBI Non-Approval

Jindal Leasefin Limited announced the withdrawal of the Open Offer made by M/s Tirupati Agrotech Private Limited to acquire 26% of the company's equity shares. The Reserve Bank of India (RBI) communicated its non-approval of the proposed change in management, which was a prerequisite for the acquisition of control. Consequently, the open offer, which aimed to acquire 7,82,314 equity shares, stands withdrawn as per SEBI SAST Regulations, 2011. This development halts the proposed change in control of Jindal Leasefin.