Reliable Ventures India Ltd: Open Offer for 26% Stake at ₹21/Share

Rarever Financial Advisors Pvt Ltd, acting as Manager to the Offer, has submitted a Pre-Offer advertisement cum Corrigendum to the Public Announcement and Detailed Public Statement for an open offer. The offer is made by Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited to acquire 28,63,354 Equity Shares of Reliable Ventures India Limited, representing 26.00% of the fully paid-up equity share capital. The offer price is ₹21.00 per Equity Share, payable in cash. The Committee of Independent Directors has opined that the offer price is fair and reasonable. The Letter of Offer was mailed to shareholders on August 5, 2026, with physical dispatch on August 7, 2026.