Open offer to acquire up to 27,68,671 shares (26.00%) at Rs. 32.00 each
Manager to the Offer VC Corporate Advisors shared with BSE the Offer Opening Public Announcement cum Corrigendum for the open offer to J.A. Finance Ltd shareholders.
By ScoutQuest · · 2 min read
- Offer Size
- Up to 27,68,671 shares (26.00%)
- Offer Price
- Rs. 32.00 each in cash
- Total Consideration
- Rs. 8,85,97,472.20
What has been shared
VC Corporate Advisors Pvt Ltd, the Manager to the Offer, has submitted to BSE a copy of the Offer Opening Public Announcement cum Corrigendum to the Detailed Public Statement for an open offer to the public shareholders of J.A. Finance Ltd.
Who is offering to buy
- Mr. Sachin Ishwarchand Goyal and Mr. Numan Sachin Goyal, both residents of Pune, and Mr. Salil Vijay Sathe, a resident of Thane, are together referred to as the Acquirers.
- The letter has been sent by VC Corporate Advisors Pvt Ltd, the Manager to the Offer. VC Corporate Advisors is a SEBI authorised merchant banker.
Size and price of the offer
- The Acquirers want to acquire up to 27,68,671 equity shares of face value Rs. 10/- each from the public shareholders of the Target Company.
- That works out to 26.00% of the total paid-up equity and voting share capital of J.A. Finance Ltd.
- The offer price is Rs. 32.00 per equity share, payable in cash.
- The total consideration payable for the offer is stated as Rs. 8,85,97,472.20.
How the announcement was made
- The Offer Opening Public Announcement cum Corrigendum to the Detailed Public Statement was published on Friday, October 16, 2026.
- It appeared in the Financial Express (English Daily) all India editions, Jansatta (Hindi Daily) all India editions, Mumbai Lakshadeep (Marathi Daily) Mumbai edition and Arthik Lipi (Bengali Daily) Kolkata edition.
- A hard copy of the announcement dated October 16, 2026, a copy of the newspaper publication and a soft copy in compact disc in PDF format were enclosed with the letter to BSE.
What an open offer means for a shareholder
- An open offer is a formal invitation to existing public shareholders to sell their shares to the Acquirers at the stated price.
- The key facts a shareholder can weigh are the price of Rs. 32.00 per share, the number of shares the Acquirers want (27,68,671, or 26.00% of the capital) and the fact that payment is in cash.
- Because the offer is for a part of the share capital, each shareholder can decide independently whether to sell into the offer or continue holding.
Points to note
- The update is the opening public announcement along with a corrigendum to the Detailed Public Statement, which follows the earlier public announcement stage of the same open offer.
- The shares sought are 26.00% of the total paid-up equity and voting share capital of J.A. Finance Ltd, offered at Rs. 32.00 each.
- The letter enclosing the announcement is dated October 16, 2026.
Also from J.A. Finance
Independent Directors' recommendations on 26.00% open offer published in newspapers
14 Oct 2026
Committee of independent directors reviews open offer for up to 26.00% of paid-up equity
13 Oct 2026
Open offer for up to 26.00% at Rs. 44.82 per share; tendering window Oct 19 to Nov 2, 2026
12 Oct 2026
More numbers
- Equity shares to be acquired in the open offer27,68,671
- Share of total paid-up equity and voting share capital26.00%
- Face value per equity shareRs. 10/-
- Offer price per equity share in cashRs. 32.00
- Total consideration payable for the offerRs. 8,85,97,472.20
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