Acquirers and PAC Launch Open Offer for AMPL Capital Ltd Stock with 26% Acquisition Target

Acquirers and PAC Launch Open Offer for AMPL Capital Ltd Stock with 26% Acquisition Target​

Acquirers and Persons Acting in Concert (PAC) announced an open offer targeting shareholders of AMPL Capital Limited, aiming to acquire up to 159,79,920 equity shares representing a significant portion of the company's voting capital. The offer was launched for the acquisition of shares at a fixed cash price of INR 30 per share.

The Open Offer is being made by Acquirer-1 (DP Global Wealth Management LLP), Acquirer-2 (Vikas Kataria), and PAC, Supriya Kataria, to all eligible public shareholders of AMPL Capital Limited (formerly Credent Global Finance Limited).

The key details of the offer are as follows:

• Offer Price: INR 30/- per fully paid up equity share.
• Maximum Offer Size: Up to 159,79,920 Equity Shares.
• Total Maximum Consideration: ₹ 47,93,97,600/- (Rupees Forty-Seven Crore Ninety-Three Lakhs Ninety-Seven Thousand Six Hundred Only).
• Offer Period: The Open Offer is scheduled to commence on August 20, 2026, and close on September 03, 2026.

Background and Acquisition Intent​

The primary purpose of the acquisition by the Acquirers and PAC is to invest in the Target Company through the purchase of substantial shares and voting rights. Upon successful completion of this Open Offer, the Acquirers are expected to be reclassified as promoters of the Target Company and will exercise joint control alongside existing promoters, subject to compliance with applicable regulations.

Before initiating the mandatory open offer, the Acquirer-1 had undertaken market purchases amounting to 6,16,264 equity shares at INR 30 per share, resulting in an aggregate consideration not exceeding INR 1,84,87,920. This initial acquisition increased the combined voting rights of the Acquirers and PAC from 24.32% to 25.32%.

The offer is structured as a cash transaction, and no funds are being borrowed by the Acquirers for this Open Offer. To ensure efficient management of funds due to accepted shareholders, the Acquirers established a Cash Escrow Account with ICICI Bank Limited amounting to ₹ 12,00,00,000.

Shareholding Details Post-Offer​

The acquisition aims to increase the combined stake of the Acquirers and PAC substantially. Assuming full acceptance of the offer, the aggregate shareholding of the Acquirers and PAC is projected to reach 3,15,41,277 equity shares, representing 51.32% of the Total Voting Equity Share Capital of the Target Company on a fully diluted basis.

The current holdings of the parties are detailed below:

Offer Terms and Procedure​

The equity shares tendered under the Open Offer must be fully paid-up, free from any liens, charges, or encumbrances. The acceptance of the offer is contingent upon certain conditions set out in the official documents.

The tendering period will be conducted through a separate Acquisition Window on BSE Limited, with Nikunj Stock Brokers Limited appointed as the Buying Broker for the Offer. Eligible shareholders can participate during this time frame. Shareholders are advised that the process requires complete documentation, and acceptance must be unconditional and absolute.

The Acquirers confirmed having sufficient financial means to meet all obligations of the Open Offer through internal resources.

Stock Price Movement​

AMPL Capital Ltd shares settled at ₹33.70 today, ticking down 1.14% in late trading. The stock traded within a narrow intraday range, finding support near ₹33.50 but testing highs up to ₹35.00.