Kumbhat Financial Services Announces 26 Percent Open Offer At Rs 18

Promoter Sanjay Kumbhat to get up to 26.11 lakh shares via preferential issue at Rs17.23, triggering mandatory open offer for up to 20.64 lakh shares (26% of expanded capital) at Rs18 for Rs3.72 crore. No change in control. Subject to shareholder and RBI approvals.