Arco Leasing Open Offer: Kothari & Jaiswal Acquire 25.57%

• Mandatory open offer by Mr. Jitesh Kothari and Mr. Atul Jaiswal to acquire 27,74,970 shares (25.57% of expanded capital) of Arco Leasing Limited at ₹10/share, totalling ₹2.77 crore.
• Underlying transactions include a Share Purchase Agreement (1,28,600 shares at ₹6/share) and a Share Subscription Agreement for 79,50,000 preferential shares at ₹10/share worth ₹7.95 crore.
• Post full acceptance, acquirers will collectively hold 100% of Arco Leasing's expanded voting share capital of 1,08,53,570 shares.
• Offer is conditional on RBI approval for NBFC subsidiary control transfer and BSE in-principle approval for preferential issue; tendering period: May 13–26, 2026.