SAT has set aside SEBI’s direction on open offer by Marwadi Chandarana Intermediaries Brokers for TruCap Finance. The matter is remanded to SEBI for a speaking order.
Sundae Capital Advisors provided a legal update regarding an Open Offer for Trucap Finance Limited. The Securities Appellate Tribunal adjourned the hearing to June 12, 2026, while maintaining the existing interim order. The case involves an appeal by Marwadi Chandarana Intermediaries Brokers Private Limited.