Supreme Appellate Tribunal Allows Appeal on Open Offer Pertaining to TruCap Finance Ltd
The appeal concerning the open offer made by Marwadi Chandarana Intermediaries Brokers Private Limited (the Acquirer) to the shareholders of TruCap Finance Limited (the Target Company) has been allowed by the Hon'ble SAT.The matter was heard before the Tribunal on July 08, 2026. In a key ruling, the Hon'ble SAT set aside the direction issued by SEBI in its communication dated January 30, 2026, along with an earlier communication from SEBI dated October 27, 2025.
Following the decision, the matter has been remanded back to SEBI for passing a speaking order. This update provides further information on the progress of the open offer process involving the two entities.
TRU Stock Price Movement
As of 2:09 PM, shares of TruCap Finance Limited are slipping by 1.09% in live trading, currently resting at ₹5.44. The stock has seen a volume of 61,507 shares traded today, with the equity fluctuating within an intraday range of ₹5.33 to ₹5.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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