Sadhu Ram Aggarwal, Udit Aggarwal, Divya Aggarwal, Ridhima Aggarwal, Rahul Aggarwal, Manjula Aggarwal and CMV informatics Private limited completed the acquisition of 71.34% stake of Jindal Capital Limited from Pawan Kumar Jindal, Sarita Agarwal, Shray Jindal, Pawan Kumar Jindal HUF and PKJ Securities Pvt Ltd.
March 20, 2022
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Sadhu Ram Aggarwal, Udit Aggarwal, Divya Aggarwal, Ridhima Aggarwal, Rahul Aggarwal, Manjula Aggarwal and CMV informatics Private limited signed a share purchase agreement to acquire 71.34% stake of Jindal Capital Limited (BSE:530405) from Pawan Kumar Jindal, Sarita Agarwal, Shray Jindal, Pawan Kumar Jindal HUF and PKJ Securities Pvt Ltd for INR 46.3 million on November 27, 2020. In a related transaction, Sadhu Ram Aggarwal, Udit Aggarwal, Divya Aggarwal, Ridhima Aggarwal, Rahul Aggarwal, Manjula Aggarwal and CMV informatics Private limited made an offer to acquire 26% stake in Jindal Capital Limited for INR 16.9 million. As part of the agreement, 5.14 million shares will be acquired in cash. Sadhu Ram Aggarwal, Rahul Aggarwal, Udit Aggarwal will acquire 0.7 million shares, representing 9.71% stake each, Divya Aggarwal and Ridhima Aggarwal will acquire 0.6 million shares representing 8.32% stake each, Manjula Aggarwal will acquire 0.9 million shares, representing 12.49% stake and CMV informatics will acquire 0.94 million shares representing 13.08% stake of Jindal Capital. Pawan Kumar, Sarita Aggarwal, Shray Jindal, Pawan Kumar Jindal HUF and PKJ Securities will sell 6.78% stake, 20.47% stake, 13.54% stake, 16.61% stake and 13.94% stake respectively. As a result of the acquisition, group of sellers will hold no shares in Jindal Capital.
Sadhu Ram Aggarwal, Udit Aggarwal, Divya Aggarwal, Ridhima Aggarwal, Rahul Aggarwal, Manjula Aggarwal and CMV informatics Private limited completed the acquisition of 71.34% stake of Jindal Capital Limited (BSE:530405) from Pawan Kumar Jindal, Sarita Agarwal, Shray Jindal, Pawan Kumar Jindal HUF and PKJ Securities Pvt Ltd on March 21, 2022.
Jindal Capital Limited is an India-based non-banking financial company. The Company is engaged in fund-based activities and advisory services. Its products include JCAP Loan against property, JCAP Business Loan and JCAP Personal Loan. Its JCAP Loan Against Property is a secured loan that allows its customers to access funds against the value of their property. Its JCAP Business Loan is a financing solution designed to help small and medium-sized enterprises. With JCAP Business Loan, its customers can access funds for working capital, purchasing inventory, expanding business, or any other business-related expenses. The Company offers customized loan solutions tailored to meet the specific needs of each business. Its JCAP Personal Loan is an unsecured loan that provides instant access to funds for personal needs. This loan product is designed to help its customers meet their financial obligations, including medical expenses, education fees, home renovation and any other personal expense.