Pasupati Fincap: Uday Narang Launches Open Offer for 26% Stake

Fintellectual Corporate Advisors Pvt. Ltd., acting as the Manager to the Open Offer, has submitted a Public Announcement to BSE regarding an open offer for Pasupati Fincap Limited. Acquirer Uday Narang intends to acquire up to 12,22,000 equity shares, representing 26.00% of the voting share capital, from public shareholders. The offer is made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The negotiated price for the sale shares is ₹12 per share. The underlying transaction does not initially trigger the 25% threshold, but the open offer may increase the acquirer's stake to 37.55%.