Promoters of Ruparel Grp offer to pick up 26% stake in Mehta Housing Fin

New Delhi: The promoters of Ruparel Grp have made an open offer to pick up 26 percent stake in Mehta Housing Finance.

The promoters of Ruparel Grp who have made the offer are Pankaj K Ranchhoddas Ruparel, Ruparel Shyam Pankajbhai and Vishal Ruparel.

Ruparel Pankajkumar Ranchhoddas, a Hindu Undivided Family (HUF), is also part of the acquirers' list acting through its 'Karta' Pankajkumar Rachhoddas Ruparel.

The Ruparels have made an offer of Rs 80.13 lakh for buying up to 8,01,320 equity shares of Mehta Housing Finance from all the public shareholders at an offer price of Rs 10 for each fully paid up equity share, Mehta Housing Finance said in a regulatory filing.