Announced Thu, 25 Jun · 14:28 IST

Independent Directors recommend Rekvina open offer as fair

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.3%1-day move

₹35.98

prior close

₹35.27

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0-1.3-4.7-4.7-7.3—+0.1-18.2———

Up moveDown movePending

AI summary

Vivro Financial Services submitted to BSE the recommendation of Rekvina Laboratories Independent Directors Committee on the open offer by Surbhit Shah, Amit Shah, and Dhuvalkumar Patel for up to 28,90,100 shares (26 percent of expanded capital) at Rs. 10 per share. The committee deemed the offer price fair and reasonable under SEBI takeover rules, noting it matches the SPA-negotiated price and is higher than the eligible share price. Public shareholders are advised to independently evaluate.

Likely market impact

Independent Directors find the open offer fair and reasonable. Shareholders should independently evaluate before tendering shares.