Deals5 Aug 2026, 02:17 pm
Promoter Sells 11.55% Stake in Pasupati Fincap, Triggering Open Offer
AI Summary
Pasupati Fincap Limited announced that its promoter, Mr. Dinesh Pareekh, has entered into a Share Purchase Agreement (SPA) dated August 05, 2026, to sell his entire shareholding of 11.55% (5,42,925 equity shares) to Mr. Uday Narang. This transaction will result in Mr. Narang acquiring control of the company and will trigger an obligation for him to make an open offer to the public shareholders as per SEBI (SAST) Regulations. The consummation of the SPA and subsequent open offer will lead to Mr. Narang becoming the promoter, with the existing promoter group reclassified as public.
Key Highlights
- Promoter Dinesh Pareekh to sell entire 11.55% stake.
- Uday Narang to acquire control of Pasupati Fincap.
- Transaction triggers mandatory open offer to public shareholders.
- Acquirer will become the new promoter post-transaction.
- Deal involves sale of 5,42,925 equity shares.
Price Impact
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