
Acquisitions16 Mar 2026, 08:02 pm
Rekvina Laboratories: Acquirers to Buy Up to 28,90,100 Equity Shares from Public Shareholders
AI Summary
Vivro Financial Services Pvt Ltd, as Manager to the Open Offer, has announced a Public Announcement for the attention of the Public Shareholders of Rekvina Laboratories Ltd. The Acquirers, Surbhit Mukesh Shah, Amit Mukesh Shah, and Dhruvalkumar Patel, plan to acquire up to 28,90,100 Equity Shares from the Public Shareholders, representing 26% of the Expanded Share Capital. This acquisition is pursuant to Regulation 3(2) and 4 of the SEBI (SAST) Regulations, 2011, and will be made at a price of ₹ 10/- per Offer Share. The Offer Size is ₹ 2,89,01,000/- (Rupees Two Crore Eighty Nine Lakhs One Thousand Only) assuming full acceptance.
Key Highlights
- Acquirers plan to buy up to 28,90,100 Equity Shares from Public Shareholders.
- The acquisition represents 26% of the Expanded Share Capital.
- The Offer Price is ₹ 10/- per Offer Share.
- The total consideration is ₹ 2,89,01,000/- assuming full acceptance.
- The acquisition is pursuant to Regulation 3(2) and 4 of the SEBI (SAST) Regulations, 2011.