Rikhav Securities: Detailed Public Statement for Open Offer Submitted
Sobhagya Capital Options Pvt. Ltd., acting as Manager to the Offer for Rikhav Securities Ltd., has submitted a Detailed Public Statement for an Open Offer, adhering to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The statement details various price calculations relevant to the offer, including a highest acquisition price of ₹40.00 during the 26 weeks preceding the relevant date and a 60-day volume-weighted average market price of ₹47.20. The filing also provides comprehensive shareholding information for the acquirers (B D Lakhani, B N Lakhani, H D Lakhani, N D Lakhani) and Persons Acting in Concert (PACs), outlining their current and post-offer diluted holdings. Additionally, the document includes financial highlights for the past three fiscal years and lists the company's board of directors.
Key Highlights
- Detailed Public Statement for an Open Offer submitted by Sobhagya Capital Options.
- Offer complies with SEBI (SAST) Regulations, 2011, outlining acquisition terms.
- Highest acquisition price in 26 weeks was ₹40.00; 60-day VWAP was ₹47.20.
- Lakhani family members are identified as key acquirers and persons acting in concert.
- Shareholding details, financial highlights, and board composition are provided.