
Open Offer27 Apr 2026, 06:31 pm
Tirupati Agrotech offers to acquire 26% of Jindal Leasefin for ₹1.41 Cr
AI Summary
Tirupati Agrotech Private Limited has launched an open offer to acquire 7,82,314 equity shares, representing 26% of the total paid-up equity share capital of Jindal Leasefin Limited. The offer price is set at ₹18 per equity share, payable in cash. If fully accepted, the aggregate consideration for the public shareholders will be ₹1,40,81,652. The Detailed Public Statement, managed by Rarever Financial Advisors Private Limited, is issued in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following a Public Announcement filed on April 20, 2026. The offer price was determined in accordance with Regulation 8(1) and 8(2) of the SEBI (SAST) Regulations, 2011.
Key Highlights
- Tirupati Agrotech offers to acquire 26% of Jindal Leasefin.
- The open offer price is ₹18 per equity share.
- Total consideration for the offer is ₹1.41 crore.
- The offer is for 7,82,314 equity shares.
- The offer complies with SEBI SAST Regulations, 2011.
Price Impact
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