NSEGeneral Updates2d ago · 3 Sept 2026, 03:27 pm
General Updates
Consolidated Finvest & Holdings Limited · CONSOFINVT
✦ AI SummaryDivestiture
Consolidated Finvest & Holdings Limited has received an initial public announcement from Concatenate Advest Advisory Private Limited and Jindal India Powertech Limited, part of the promoter group, to acquire all public shareholders' equity shares and delist the company from the National Stock Exchange of India Limited.
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Full Announcement
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and receipt of the Initial Public Announcement dated September 03, 2026, under the SEBI (Delisting of Equity Shares) Regulations, 2021 ( SEBI Delisting Regulations 2021 ) in relation to the proposal to Voluntary Delist the Equity Shares of Consolidated Finvest & Holdings Limited ( Target Company ). ( Delisting Offer )
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CONSOFINVT_03092026152726_Intimation_CFHL_IPA_-_03092026_Final_signed.pdf
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CONSOLIDATED FINVEST & HOLDINGS LIMITED
Head Office: Plot No.12, Local Shopping Complex, Sector B-1, Vasant Kunj, New Delhi – 110070
Ph:91-11-40322100 CIN:L33200UP1993PLC015474 E-mail: cs_cfhl@jindalgroup.com Website:www.consofinvest.com
Ref: CFHL/SECTT/SEP26/01 Dated: September 03, 2026
The Listing Department
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor, Plot No. C-1 Block — G,
Bandra-Kurla Complex Bandra (East),
Mumbai —400051.
NSE Scrip Code: CONSOFINVT
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and receipt of the Initial Public Announcement dated
September 03, 2026, under the SEBI (Delisting of Equity Shares) Regulations, 2021
(“SEBI Delisting Regulations 2021”) in relation to the proposal to Voluntary Delist the
Equity Shares of Consolidated Finvest & Holdings Limited (“Target Company”).
(“Delisting Offer”)
Dear Sir/Madam,
The Company is in receipt of the Initial Public Announcement dated September 03, 2026 made
by Saffron Capital Advisors Private Limited, Manager to the Offer, for and on behalf of
Concatenate Advest Advisory Private Limited (“Acquirer”), being part of promoter group of
the Target Company along with Jindal India Powertech Limited as person acting in concert
(“PAC”) in accordance with Regulation 8 of the SEBI Delisting Regulations, 2021 as amended,
expressing their intention to (a) acquire all the equity shares that are held by public shareholders
and (b) consequently voluntarily delist the equity shares from National Stock Exchange of India
Limited (“NSE”) (the only stock exchange where the equity shares of the Target Company are
presently listed), by making a delisting offer in accordance with the SEBI Delisting Regulations,
2021. (“Initial Public Announcement” or “IPA”).
A copy of the IPA is enclosed for your reference and records. We request you to disseminate
the same on your website at the earliest.
Thanking you
For Consolidated Finvest & Holdings Limited
Mohit Srivastava
Company Secretary
M. No.: A28505
Encl: as above
Regd. Off. : 19th K.M. Hapur-Bulandshahr Road, P.O. Gulaothi, Distt. Bulandshahr (U.P.)
INITIAL PUBLIC ANNOUNCEMENT UNDER REGULATION 8 OF THE SECURITIES AND
EXCHANGE BOARD OF INDIA (DELISTING OF EQUITY SHARES) REGULATIONS, 2021
FOR THE ATTENTION OF THE PUBLIC SHAREHOLDERS OF
CONSOLIDATED FINVEST & HOLDINGS LIMITED
Corporate Identification Number (CIN): L33200UP1993PLC015474
Registered Office: 19th K.M. Hapur- Bulandshahr Road, P.O. Gulaothi,
Distt. Bulandshahr, Uttar Pradesh-245408
Head Office: Plot No.12, Sector B-1, Local Shopping Complex
Vasant Kunj, New Delhi– 110 070
Tel. No.: 91-11-40322100;
Contact Person: Mohit Srivastava, Company Secretary and Compliance Officer
Email id: cs_cfhl@jindalgroup.com; Website: www.consofinvest.com
===================================================================
OFFER FOR 81,17,327 (EIGHTY ONE LAKH SEVENTEEN THOUSAND THREE
HUNDRED AND TWENTY SEVEN) FULLY PAID-UP EQUITY SHARES OF FACE
VALUE OF ₹ 10 EACH (THE “EQUITY SHARES”) OF CONSOLIDATED FINVEST &
HOLDINGS LIMITED (THE “TARGET COMPANY”) REPRESENTING 25.11%
(TWENTY FIVE POINT ONE ONE PERCENT) OF THE PAID-UP EQUITY SHARE
CAPITAL (AS DEFINED BELOW) FROM THE PUBLIC SHAREHOLDERS (AS
DEFINED BELOW) OF THE TARGET COMPANY BY CONCATENATE ADVEST
ADVISORY PRIVATE LIMITED (“ACQUIRER”) BEING PART OF PROMOTER
GROUP OF THE TARGET COMPANY AND JINDAL INDIA POWERTECH LIMITED
AS PERSON ACTING IN CONCERT (“PAC”), PURSUANT TO AND IN
ACCORDANCE WITH REGULATION 8 OF THE SECURITIES AND EXCHANGE
BOARD OF INDIA (DELISTING OF EQUITY SHARES) REGULATIONS, 2021, AS
AMENDED, (HEREINAFTER REFERRED TO AS THE “DELISTING
REGULATIONS”).
==================================================================
THIS INITIAL PUBLIC ANNOUNCEMENT (“IPA” OR “INITIAL PUBLIC
ANNOUNCEMENT”) IS BEING ISSUED BY SAFFRON CAPITAL ADVISORS PRIVATE
LIMITED (“MANAGER TO THE OFFER”) FOR AND ON BEHALF OF THE ACQUIRER
AND PAC. THE ACQUIRER AND PAC ARE EXPRESSING THEIR INTENTION TO: (A)
ACQUIRE ALL THE EQUITY SHARES (AS DEFINED BELOW) THAT ARE HELD BY
PUBLIC SHAREHOLDERS, AND (B) CONSEQUENTLY VOLUNTARILY DELIST THE
EQUITY SHARES FROM NATIONAL STOCK EXCHANGE OF INDIA LIMITED
Initial Public Announcement dated September 03, 2026, issued to the Public Shareholders of Consolidated Finvest & Holdings Limited
(HEREINAFTER REFERRED TO AS “NSE” OR “STOCK EXCHANGE”) WHERE THE
EQUITY SHARES OF THE TARGET COMPANY ARE PRESENTLY LISTED, BY
MAKING A DELISTING OFFER IN ACCORDANCE WITH THE DELISTING
REGULATIONS (AS DEFINED BELOW) (COLLECTIVELY AS THE “DELISTING
PROPOSAL” / “DELISTING OFFER”).
For the purpose of this Initial Public Announcement, the following terms have the
meanings assigned to them below:
a) “Acquirer” shall mean Concatenate Advest Advisory Private Limited
b) “Board” shall mean the board of directors of the Target Company;
c) “Delisting Regulations” shall mean the SEBI (Delisting of Equity Shares) Regulations,
2021;
d) “Equity Shares” shall mean fully paid-up equity shares of the Target Company, each having
a face value of ₹ 10/- each.
e) “Paid-up Equity Share Capital” means paid up Equity Share Capital of the Target
Company i.e., ₹ 32,32,63,660 divided into 3,23,26,366 Equity Shares of face value of ₹10/-
each;
f) “Person Acting in Concert” as defined under Regulation 2(1)(q) of SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011, herein referred as Jindal India
Powertech Limited.
g) “Promoters” shall mean promoters of the Target Company i.e., Mr. Shyam Sundar Jindal
and Bhavesh Jindal holding 1,000 Equity Shares representing 0.00% of the total issued
Equity Shares of the Target Company;
h) “Promoter Group” shall mean the members of the Promoter and Promoter Group of the
Target Company as defined under the Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulations, 2018, as amended;
i) “Public Shareholders” shall mean the public shareholders of the Target Company as defined
under Regulation 2(1)(t) of the Delisting Regulations;
j) “SEBI” shall mean the Securities and Exchange Board of India.
k) “Target Company” shall mean Consolidated Finvest & Holdings Limited, registered as
Systemically Important Non-Deposit taking Non-Banking Financial Company Registered
with Reserve Bank of India, Kanpur. The registration number of the NBFC is N.12.00.441.
1. Details of the Delisting Proposal:
Initial Public Announcement dated September 03, 2026, issued to the Public Shareholders of Consolidated Finvest & Holdings Limited
a. As on date, Acquirer is one of the members of the Promoter Group of the Target Company
and holds 2,24,35,131 (Two Crore Twenty-Four Lakh Thirty-Five Thousand One Hundred
and Thirty One) Equity Shares having a face value of ₹ 10/- each representing 69.40% of the
total issued Equity Share Capital of the Target Company. The Promoter and Promoter Group
of the Target Company collectively holds 2,42,09,039 (Two Crore Forty-Two Lakh Nine
Thousand and Thirty-Nine) Equity Shares representing 74.89% of the total issued Equity
Share Capital of the Target Company.
b. Jindal India Powertech Limited is classified as PAC along with the Acquirer having a
common intention and objective of Delisting of Equity Shares of the Target Company in
accordance with Regulation 2(1)(q) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011. Further, Jindal India Powertech Limited does not hold any
equity shares in the Target Company.
c. The Target Company, the Acquirer and the PAC collectively belong to the “B.C. Jindal
Group”.
d. The Acquirer and PAC have decided to make this Delisting Proposal under the prevailing
Delisting Regulations. As required under Regulation 8 of the Delisting Regulations, this
Initial Public Announcement is being made to initiate the process and to express the intention
of the Acquirer and PAC to undertake the Delisting Proposal.
e. In view of the above, as required under Regulation 8 of the Deli
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