AMPL Capital Open Offer: Acquirers Launch Bid at ₹30/Share

Novus Capital Advisors Pvt Ltd, acting as the Manager to the Open Offer, has submitted a Draft Letter of Offer to BSE for AMPL Capital Limited (formerly Credent Global Finance Limited). The open offer is being made by DP Global Wealth Management LLP, Vikas Kataria, and Supriya Kataria (collectively, Acquirers and PAC) to acquire up to 1,59,79,920 equity shares, representing 26% of the total voting equity share capital. The offer price is set at ₹30 per share, payable in cash. This open offer is being made pursuant to SEBI (SAST) Regulations, 2011. The offer is not conditional on minimum acceptance and is not a competing offer. An approval from the Reserve Bank of India (RBI) is required for the transaction's consummation, and the offer price may be revised upwards under certain conditions.