Kapil Raj Finance: Open Offer Draft Letter Filed

Novus Capital Advisors Pvt Ltd, acting as the Manager to the Open Offer, has submitted a Draft Letter of Offer to the public shareholders of Kapil Raj Finance Ltd. The open offer is being made by Acquirers Arpit Agarwal, Megha Agarwal, and Arpit Agarwal (HUF) for up to 9,92,12,282 equity shares, representing 26% of the total expanded voting equity share capital. The offer price is ₹2.24 per equity share, payable in cash. This open offer is for control of the Target Company and is not conditional on any minimum acceptance level or a competing offer. The Acquirers may revise the offer price or size up to one working day before the tendering period begins.