Acquirers Launch Open Offer for AMPL Capital Limited Shares Valued up to INR 47.93 Crores

Acquirers Launch Open Offer for AMPL Capital Limited Shares Valued up to INR 47.93 Crores​

A mandatory open offer has been announced by DP Global Wealth Management LLP, Mr. Vikas Kataria, and Ms. Supriya Kataria concerning the acquisition of equity shares in AMPL Capital Limited (formerly known as Credent Global Finance Limited). The Acquirers have initiated the offer to acquire up to 159,79,920 fully paid-up equity shares of the Target Company at a fixed price of INR 30 per share.

The Open Offer is being managed by Novus Capital Advisors Private Limited. It represents a substantial stake in AMPL Capital Limited and was triggered following the Acquirers' market purchase of a significant portion of the company's equity capital.

Details of the Acquisition Offer​

The offer targets up to 1,59,79,920 fully paid-up Equity Shares of face value INR 2 each from shareholders of AMPL Capital Limited.

Key financial and transaction details of the Open Offer are as follows:

• Target Company: AMPL Capital Limited (Formerly Credent Global Finance Limited), listed on BSE.
• Offer Price: INR 30 per Equity Share.
• Maximum Consideration: The total consideration for the maximum offer size is capped at INR 47,93,97,600.
• Payment Mode: Cash.
• Type of Offer: Triggered Open Offer.

Underlying Transaction Details​

The mandatory open offer was triggered by the Acquirers’ market purchase in AMPL Capital Limited. The acquisition involved an intent to purchase up to 5,66,264 equity shares at a price not exceeding Rs. 30 per share, with an overall consideration amount not exceeding INR 1,69,87,920 on any recognized stock exchange.

The initial market purchase represented 0.92% of the Total Equity Share Capital and was settled in Cash.

Acquirer Holdings Overview​

The acquisition involves DP Global Wealth Management LLP (Acquirer-1), Mr. Vikas Kataria (Acquirer-2), and Ms. Supriya Kataria (PAC). The pre-transaction shareholdings demonstrate that the combined holding of the Acquirers exceeds 25% before the open offer is fully completed.

The table below details the existing equity holdings of the Acquirers in AMPL Capital Limited:


Following the successful acquisition of shares under the Open Offer (assuming all 26.00% is tendered), the combined shareholding of the Acquirers is projected to reach 3,13,51,375 Equity Shares or 51.01% of the Total Share Capital.

Target Company Information​

AMPL Capital Limited, which was previously Credent Global Finance Limited, is a Public Limited Company registered under the Companies Act, 1956 and is listed on the Main Board of BSE.

As of the date of the announcement, the company has an Authorised Share Capital of INR 25,00,00,000 divided into 12,50,00,000 Equity Shares of face value INR 2 each. The Issued, Subscribed and Paid-up Equity Share Capital is INR 12,29,22,460 divided into 6,14,61,230 Equity Shares of face value INR 2 each.

Stock Price Movement​

As of 14:21, Credent Global Finance Ltd. is ticking up by 0.40%, currently trading at ₹30.00. The shares have seen movement throughout the day, ranging between an intraday low of ₹29.51 and a high of ₹30.19.