Announced Wed, 12 Aug · 15:03 IST
IDC says Rs 21 per share open offer for Reliable Ventures is fair and reasonable
Price
▲ 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
+2.4%1-day move
₹26.52
prior close
₹26.62
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.4+4.4+6.4+4.3+2.3-1.3————
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AI summary
Independent Directors Committee of Reliable Ventures India has reviewed the open offer by Sarath Kumar, Sivanag and Ancla Technology for 28.63 lakh shares (26 percent stake) at Rs 21 per share cash, and called the price fair and reasonable under SEBI takeover rules. No shareholder complaints received. Public shareholders advised to evaluate independently and decide in their own interest.
Likely market impact
Shareholders may accept or reject the Rs 21 cash offer; IDC deems it fair but advises independent evaluation before deciding.