
Open Offer25 Jun 2026, 02:29 pm
Rekvina Labs: Independent Directors Recommend Open Offer
AI Summary
Rekvina Laboratories Limited has submitted the Recommendations of the Committee of Independent Directors (IDC) regarding the open offer made by Surbhit Mukesh Shah, Amit Mukesh Shah, and Dhruvalkumar Patel. The open offer is to acquire up to 28,90,100 equity shares, representing 26% of the expanded share capital, at ₹10 per share, totaling ₹2,89,01,000. The IDC has deemed the offer price fair and reasonable, advising public shareholders to independently evaluate and make informed decisions. The recommendations were published in newspapers on June 25, 2026.
Key Highlights
- Independent Directors recommend the open offer price of ₹10 per share.
- Open offer aims to acquire 26% of Rekvina Labs' expanded share capital.
- Total consideration for the open offer is ₹2,89,01,000.
- Public shareholders are advised to make independent decisions on tendering shares.
Price Impact
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