Frontier Capital Triggers 26% Open Offer At Rs 10.20 After 56% Acquisition

Prafful Agarwal and Anupam Gupta agreed to acquire 93,98,455 shares (56.07%) of Frontier Capital from promoters at Rs10 via Oct 13 SPA, triggering mandatory open offer for 43,58,163 shares (26%) at Rs10.20 cash (Rs4.44cr), subject to RBI approval for NBFC control change.