Acquisitions24 Mar 2026, 02:41 pm
RGF Capital Markets Ltd Faces Acquisition Offer from Nishad Jitendra Shah and Others
AI Summary
RGF Capital Markets Ltd has received a draft Letter of Offer from Kunvarji Finstock Private Limited, acting on behalf of Mr. Nishad Jitendra Shah, M/s. Nishad Jitendra Shah HUF, Ms. Rajshree Nishad Shah, Mr. Parshwa Nishad Shah, Ms. Payal Paras Shah, M/s. Trupti Management Services Private Limited, M/s. Rocksolid Investment, M/s. Rocksolid Enterprise, and M/s. Rockthree Framework LLP. The acquirers aim to acquire up to 3,90,06,240 equity shares representing 76.00% of the total expanded voting share capital of RGF Capital Markets Limited at an Offer Price of 21/- per share, payable in cash.
Key Highlights
- RGF Capital Markets Ltd is the target company for acquisition.
- The offer is made by Mr. Nishad Jitendra Shah and eight other acquirers.
- The acquirers aim to acquire 76.00% of the total expanded voting share capital of RGF Capital Markets Limited.
- The offer price is 21/- per share, payable in cash.
- Kunvarji Finstock Private Limited is the Manager to the Offer.