Tapan Agarwal to Acquire 8.00% Stake in Available Finance Limited
Available Finance Limited announced that Tapan Agarwal, a member of the company’s Promoter Group, plans to acquire 8,16,296 equity shares, representing 8.00% of the equity share capital, from Archana Coal Private Limited, also a Promoter of Available Finance Limited. The transaction is valued based on the volume weighted average price for the 60 trading days preceding the acquisition date.The acquisition is expected to be completed on March 24, 2026. The transaction qualifies for an exemption from an open offer requirement under Regulation 10(1)(a)(iv) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
According to disclosures filed, the maximum permissible price for the acquisition is Rs. 183.204 per share. Tapan Agarwal confirms that the acquisition price will not exceed this limit.
Prior to the transaction, Tapan Agarwal held 7,76,647 shares, representing 7.611% of the company's share capital. Following the acquisition, his holdings will increase to 15,92,943 shares, representing 15.611% of the equity share capital.
| SI. No. | Particulars | Description |
|---|---|---|
| Name of the Target Company (TC) | Available Finance Limited BSE Security Code: 531310 | |
| Name of the acquirers) | Tapan Agarwal | |
| Whether the acquirers) is/ are Yes, the Acquirer is a part of the Promoter Group of the Target Company | ||
| Proposed date acquisition | of 24-Mar-26 | |
| Total shares to be 8.00% acquired as % of share capital of TC | ||
| The Share of the Company are frequently traded in terms of Regulation 2(1)(i) of SEBI (SAST) Regulations. Volume weighted average market price for a period of 60 trading days preceding the date of issuance of this notice is Rs. 146.564 per Share Maximum Permissible Price - Rs. 183.204 per Share | ||
| Declaration by the acquirer, that the acquisition price would not be higher by more than 25% of the price computed in point 6 or point 7 as applicable. | The Acquisition would not be higher by more than 25% of the price computed in point 6 herein above |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.