Announced Tue, 23 Jun · 13:39 IST
Rekvina Labs Open Offer at Rs 10 per share for 26 percent stake
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Vivro Financial submitted the Letter of Offer to BSE for acquiring up to 28,90,100 shares (26% of expanded share capital) of Rekvina Laboratories at Rs 10 per share, totaling about Rs 2.89 crores. The open offer is triggered by a share swap where Rekvina acquires 100% of Radiant Parenterals via 46,27,750 preferential shares. Offer opens July 1 and closes July 14, 2026.
Likely market impact
Public shareholders can tender shares at Rs 10 between July 1 and July 14, 2026. Acquirers' post-offer holding will rise to about 77 percent.