Corrigendum issued for AMPL Capital open offer details
Novus Capital Advisors issued a corrigendum to the public announcement for the open offer to acquire 26% of AMPL Capital. The underlying transaction involves a market purchase of 6,16,264 equity shares.
*this image is generated using AI for illustrative purposes only.
Novus Capital Advisors Private Limited has issued a corrigendum to the public announcement dated June 30, 2026, regarding the open offer for AMPL Capital Limited. The corrigendum modifies the details of the underlying transaction that triggered the open offer obligations, specifying a market purchase of 6,16,264 equity shares. This disclosure was submitted to BSE Limited on July 2, 2026, in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The open offer is being made by DP Global Wealth Management LLP and Mr. Vikas Kataria, together with Ms. Supriya Kataria as a Person Acting in Concert (PAC). The acquirers propose to purchase up to 1,59,79,920 fully paid-up equity shares, representing 26.00% of the total issued, outstanding, and fully paid-up equity share capital of the target company.
Underlying Transaction Details
The mandatory open offer was triggered by a market purchase. The acquirers intend to acquire shares through a purchase order placed on a recognized stock exchange.
| Parameter | Details |
|---|---|
| Type of Transaction | Direct Acquisition |
| Mode of Transaction | Market Purchase |
| Shares Acquired | 6,16,264 Equity Shares |
| % of Total Equity Capital | 1% |
| Total Consideration | INR 1,84,87,920 |
| Mode of Payment | Cash |
| Triggering Regulation | Regulation 3(1) of SEBI (SAST) Regulation |
Acquirer and PAC Shareholding
The corrigendum outlines the pre-transaction and proposed post-transaction shareholding of the acquirers and the PAC. Prior to the transaction, the combined holding stood at 1,48,54,093 equity shares, or 24.17% of the total share capital.
| Entity | Pre-Transaction Shares | Pre-Transaction % | Post-Trigger Shares | Post-Trigger % |
|---|---|---|---|---|
| DP Global Wealth Management LLP | 86,52,941 | 14.08% | 92,69,205 | 15.08% |
| Vikas Kataria | 12,44,948 | 2.03% | 12,44,948 | 2.03% |
| Supriya Kataria (PAC) | 49,56,204 | 8.06% | 49,56,204 | 8.06% |
| Total | 1,48,54,093 | 24.17% | 1,54,70,357 | 25.17% |
If the entire 26.00% of the equity shares are tendered in the open offer, the total shareholding of the acquirers and PAC would increase to 3,14,50,277 equity shares, representing 51.17% of the total share capital. AMPL Capital Limited, formerly known as Credent Global Finance Ltd, has its registered office in Mumbai.
Historical Stock Returns for Credent Global Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.07% | -10.50% | +19.97% | +11.55% | +42.56% | +612.79% |
How will the potential shift to a majority stakeholding of 51.17% influence AMPL Capital's strategic direction and management decisions?
What is the likelihood of minority shareholders tendering their shares given the current market valuation versus the open offer price?
Does the acquirer intend to delist AMPL Capital Limited following the successful completion of the open offer?
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