Pasupati Fincap Limited has announced the revised schedule for the open offer by acquirer Uday Narang. Shareholders are being offered an exit opportunity at Rs 12 per share for up to 26% of the company's voting capital. The tendering period is set for October 1 to October 15, 2026, with payments scheduled for October 30, 2026. The Independent Directors Committee has confirmed the offer price as fair and reasonable.
Pasupati Fincap Open Offer Details Announced
Acquirer Uday Narang is offering Rs 12 per share to acquire a 26% stake in Pasupati Fincap Ltd. The offer covers 12,22,000 equity shares, with the tendering window opening on October 01, 2026, and closing on October 15, 2026.
Reader Takeaway: The open offer provides a liquidity exit at Rs 12; shareholders should compare this against current market prices.
What just happened
Fintellectual Corporate Advisors, the manager to the open offer, has issued a formal announcement confirming the acquisition terms and schedule. The Independent Directors Committee (IDC) of Pasupati Fincap has reviewed the Rs 12 per share offer price and certified it as fair and reasonable under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Why this matters
For retail investors holding Pasupati Fincap shares, this open offer represents a structured exit mechanism. The formalization of the timeline provides clarity for those wishing to offload their holdings at the specified price. Investors must ensure their shares are ready for tender through their respective brokers within the defined window.
What changes now
The company has finalized the calendar for the acquisition. The critical dates are now set: the offer opens on October 01, 2026, and concludes on October 15, 2026. Shareholders who choose to participate in this offer will receive their consideration payments by October 30, 2026.
What to track next
Investors should monitor the market price of Pasupati Fincap relative to the Rs 12 offer price. If the market price exceeds the offer price during the tendering window, investors may find selling in the open market more favorable than participating in the offer. Shareholders should also consult the formal Letter of Offer for complete procedural instructions regarding the submission of shares.