Acquisition History / Marwadi Chandarana Intermediaries Brokers Pvt Ltd / TruCap Finance Ltd (75%)
Marwadi Chandarana Intermediaries Brokers Pvt Ltd Acquires TruCap Finance Ltd (75%)
Announced May 27, 2025 — $23.4M
What happened
Marwadi Chandarana Intermediaries Brokers agreed to acquire a 75% stake in listed NBFC TruCap Finance for Rs 207 crore, combining a preferential allotment of shares and convertible warrants with a secondary purchase of 3.68 crore shares from the existing promoter group. The buyer becomes the new promoter and the outgoing promoter group's stake falls to zero. The transaction triggered an open offer under SEBI rules.
- Target
- TruCap Finance Ltd (75%)
- Announced
- May 27, 2025
- Price
- $23.4M
- Industry
- Non-banking financial company / MSME lending
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Marwadi Chandarana Intermediaries Brokers Pvt Ltd acquire TruCap Finance Ltd (75%)?
Marwadi Chandarana Intermediaries Brokers Pvt Ltd acquired TruCap Finance Ltd (75%) on May 27, 2025. This was Marwadi Chandarana Intermediaries Brokers Pvt Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Marwadi Chandarana Intermediaries Brokers Pvt Ltd pay for TruCap Finance Ltd (75%)?
Marwadi Chandarana Intermediaries Brokers Pvt Ltd paid $23.4M for TruCap Finance Ltd (75%).
What does TruCap Finance Ltd (75%) do?
Marwadi Chandarana Intermediaries Brokers agreed to acquire a 75% stake in listed NBFC TruCap Finance for Rs 207 crore, combining a preferential allotment of shares and convertible warrants with a secondary purchase of 3.68 crore shares from the existing promoter group. The buyer becomes the new promoter and the outgoing promoter group's stake falls to zero. The transaction triggered an open offer under SEBI rules.
What other Non-banking financial company / MSME lending companies has Marwadi Chandarana Intermediaries Brokers Pvt Ltd acquired?
TruCap Finance Ltd (75%) is Marwadi Chandarana Intermediaries Brokers Pvt Ltd's only publicly tracked acquisition in Non-banking financial company / MSME lending so far.