StockWatch
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Non Banking Financial Company (NBFC)
Open Offer24 Sept 2026, 10:09 pm

Pasupati Fincap: Open Offer for 26% Stake at ₹12/Share

AI Summary

Fintellectual Corporate Advisors Pvt. Ltd., acting as the Manager to the Open Offer, has submitted a Letter of Offer to BSE for Pasupati Fincap Ltd. Uday Narang is making an open offer to acquire up to 12,22,000 fully paid-up equity shares, representing 26.00% of the company's voting share capital. The offer price is ₹12 per equity share, payable in cash. The offer is being made pursuant to SEBI (SAST) Regulations, 2011, and is not conditional on minimum acceptance or a competing offer. The tendering period is from October 1, 2026, to October 15, 2026.

Key Highlights

  • Uday Narang to acquire up to 26% stake in Pasupati Fincap.
  • Offer price set at ₹12 per equity share.
  • Open offer valid from October 1 to October 15, 2026.
  • Acquisition is compliant with SEBI (SAST) Regulations.
  • No minimum acceptance or competing offer conditions.