| <p>Money Masters Leasing & Finance Limited is undergoing a change in control, with acquirers set to become the new promoters following a mandated open offer to public shareholders. The open offer, announced November 13, 2026, is required by the Securities and Exchange Board of India (SEBI) and involves the transfer of shares currently held by existing promoters—Mr. Hozef Abdulhusain Darukhanawala, Ms. Zainab H Darukhanawala, and Mrs. Durriya Hozef Darukhanawala—who collectively hold 34.66% of the company. Upon completion of the transaction, the acquirers and their persons acting in concert will hold a total of 65.50% of the expanded voting share capital, with the acquirers proposing to hold 14.50% and 51.00% respectively. The acquisition is subject to approval from the Reserve Bank of India, and the offer price will be disclosed in the forthcoming Draft Letter of Offer and Detailed Public Announcement. The acquirers do not intend to delist Money Masters Leasing & Finance Limited, which is listed on the BSE Limited.</p> |