Open Offer16 Jun 2026, 08:00 pm
Reliable Ventures: Open Offer for 26% Stake at ₹21/Share
AI Summary
Rarever Financial Advisors Pvt Ltd, acting as the Manager to the Offer, has submitted a Draft Letter of Offer to BSE for an open offer by Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited. The acquirers propose to acquire up to 28,63,354 equity shares, representing 26.00% of the voting capital of Reliable Ventures India Ltd, at a price of ₹21 per share. This open offer is being made pursuant to SEBI (SAST) Regulations, 2011, and is not conditional on a minimum acceptance level. No competing offer has been announced, and no statutory approvals are currently required for the transaction.
Key Highlights
- Open offer for 26% stake in Reliable Ventures India Ltd.
- Acquisition price set at ₹21 per equity share.
- Total of 28,63,354 equity shares to be acquired.
- Offer made by three individual and corporate acquirers.
- No minimum acceptance condition or competing offer reported.
Price Impact
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