Leading investment and financial services firm, Jupiter Capital has recently completed the acquisition of up to 33 lakh shares amounting to nearly 66% of BSE-listed non-banking financial company TRC Financial Services, by way of an open offer to the shareholders and contractual arrangements for an aggregate transaction value of Rs 5.92 crores (around $924,000). The offer price of the fully paid shares of TRC Financial Services was quoted at Rs 18 per share.
Poovayya & Co acted for
Chartered Capital and Investment were the designated manager to the offer while Purva Sharegistry were the registrar.
With a portfolio of investments estimated to be in excess of $1bn across multiple sectors, such as technology, aerospace, infrastructure, etc. Jupiter Capital will leverage its acquisitions and synergies with TRC Financial Services to consolidate its portfolio in this segment.
2017-01-16
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