Pasupati Fincap: Open Offer for 12.22 Lakh Shares at ₹12

Fintellectual Corporate Advisors Pvt. Ltd., acting as the Manager to the Open Offer, has submitted a Draft Letter of Offer to BSE for the public shareholders of Pasupati Fincap Limited. The open offer is being made by Uday Narang to acquire up to 12,22,000 fully paid-up equity shares, representing 26.00% of the voting share capital, at a price of ₹12 per share. This offer is made pursuant to SEBI (SAST) Regulations, 2011. The acquirer's shareholding may increase to 37.55% upon full acceptance. No minimum acceptance level is required, and it is not a competing offer. No statutory approvals are currently required.