Jindal Leasefin Ltd

📈 Tirupati Agrotech Launches Open Offer for Jindal Leasefin at ₹18/Share

• Tirupati Agrotech is making an open offer for 782,314 equity shares (26% of voting capital) of Jindal Leasefin at ₹18 per share.

• The offer follows a Share Purchase Agreement dated April 20, 2026, acquiring 2,199,755 shares (73.11%) from promoter sellers for ₹3.96 crore.

• Total open offer consideration is ₹1.41 crore, payable in cash if fully accepted.

• Post-acquisition, Tirupati Agrotech’s stake could reach 99.11%, potentially breaching minimum public shareholding rules; compliance will be ensured.

• Tirupati Agrotech is controlled by Priyanshi Patel and Vedanshee Patel, who are involved in litigation related to NK Proteins but are not barred from market participation.

• Promoter sellers (Kusum Jindal, Surendra Kumar Jindal, and three corporate entities) will hold no shares post-transaction and will be reclassified from promoter status.