TruCap Finance Ltd

🚨 Deal Off: Marwadi Chandarana Terminates TruCap Finance Acquisition

- Marwadi Chandarana terminated the Share Purchase Agreement (SPA) for 3.68 crore equity shares from promoters.

- Also scrapped the Securities Subscription Agreement (SSA) for 11.57 crore shares and 9.37 crore convertible warrants.

- Termination notice sent on Sept 22, 2025, received by TruCap on Sept 23.

- Deal collapse means no change in control for TruCap Finance.

- No material operational impact, but expected funding from acquirer is off the table.