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

Rarever Financial Advisors Pvt Ltd, acting as the Manager to the Offer, has submitted a Letter of Offer to the shareholders of Reliable Ventures India Ltd. The offer is for the acquisition of up to 28,63,354 equity shares, representing 26.00% of the voting share capital, at a price of ₹21.00 per share. This open offer is being made by Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited, collectively referred to as the 'Acquirers', in compliance with SEBI (SAST) Regulations, 2011. The offer is not conditional and has no minimum acceptance level. There are no competing offers, and no statutory approvals are currently required for the transaction. The offer price or size may be revised upwards under specific conditions outlined in the SEBI regulations.