Brijlaxmi Leasing & Finance Faces Open Offer from Jaykishor Chaturvedi and Others
Brijlaxmi Leasing & Finance Ltd. is the subject of an open offer initiated by Jaykishor Chaitanyakishor Chaturvedi, Siddharth Jaykishor Chaturvedi, Ankur J Chaturvedi, and Brijlaxmi Infotech Limited. The acquirers aim to acquire up to 64,99,889 equity shares, each with a face value of ₹10, at a price of ₹10.05 per share. This transaction is projected to involve a total investment of ₹6,53,23,884.45.The Draft Letter of Offer was previously submitted to the Securities and Exchange Board of India (SEBI) on December 19, 2025. SEBI has since provided its final comments, which will be incorporated into the Letter of Offer to be sent to eligible shareholders.
The dispatch of the Letter of Offer is contingent upon receiving approval from the Reserve Bank of India (RBI). Following RBI approval, the letter is expected to be distributed within seven working days, and the tendering period for the open offer will commence within twelve working days thereafter. Payments to successful shareholders will be made within ten working days from the end of the tendering period, along with interest at a rate of 10% per annum for any delays.
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