TruCap Finance Ltd
đ TruCap Finance Deal Terminated: Open Offer in Limbo Amid SAT Appeal
⢠Marwadi Chandarana terminated agreements to acquire shares and warrants from TruCap Finance on September 25, 2025.
⢠SEBI did not approve the withdrawal of the open offer and issued observations on the Draft Letter of Offer on January 30, 2026.
⢠The Acquirer has appealed to the Securities Appellate Tribunal (SAT), with a hearing scheduled for February 11, 2026.
⢠No stay has been granted on the open offer proceedings as of February 10, 2026.