Open Offer22 Apr 2026, 08:03 am
Rikhav Securities: Open Offer for 26% stake at ₹47.75/share
AI Summary
Sobhagya Capital Options Pvt. Ltd. has announced an open offer for Rikhav Securities Limited on behalf of Acquirers B D Lakhani, B N Lakhani, H D Lakhani, N D Lakhani, and Persons Acting in Concert (PACs). The offer is for up to 99,55,920 equity shares, representing 26% of the voting share capital, at a price of ₹47.75 per share, which includes an interest component for a delay. The total consideration, assuming full acceptance, will be ₹47,53,95,180, payable in cash. This mandatory offer was triggered on March 11, 2026, due to substantial acquisition of shares and is not subject to any minimum level of acceptance.
Key Highlights
- Acquirers launched an open offer for 26% of Rikhav Securities' voting capital.
- Offer price is ₹47.75 per equity share, including delay interest.
- Total consideration for full acceptance is ₹47.54 crore.
- The offer covers up to 99,55,920 fully paid-up equity shares.
- This is a mandatory triggered offer due to substantial share acquisition.