Rikhav Securities: Open Offer for 26% Stake at ₹47.75 Per Share

Sobhagya Capital Options Pvt. Ltd., acting as the Manager to the Offer, has submitted a Letter of Offer to the public shareholders of Rikhav Securities Ltd. The offer involves the acquisition of up to 99,55,920 equity shares, representing 26% of the total voting share capital, at a price of ₹47.75 per share. This open offer is being made by acquirers M/s. B.D. Lakhani, M/s. B.N. Lakhani, M/s. H.D. Lakhani, and M/s. N.D. Lakhani, along with persons acting in concert (PACs). The offer is being made pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No statutory approvals are currently required for this offer, and it is not conditional upon a minimum acceptance level or a competing offer.