Rarever Financial Advisors Pvt Ltd ("Manager to the Offer') has submitted to BSE a copy of Public Announcement under the Provisions of Regulations 3(1) and 4 read with Regulations 13 (1), ....
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Reliable Ventures India Limited (BSE-listed, Bhopal-based) has received a Public Announcement for an Open Offer under SEBI Takeover Regulations (Regulations 3(1) and 4). The trigger is a Share Purchase Agreement signed on June 2, 2026, under which three acquirers — Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Pvt Ltd — will buy 59,55,815 shares (54.08% stake) from existing promoters at ₹21 per share, aggregating to about ₹12.51 crore. Following this, a mandatory open offer is being made to public shareholders for up to 28,63,354 shares (26% of voting capital) at the same price of ₹21 per share, with total outflow of around ₹6.01 crore. Assuming full acceptance, the acquirers' combined holding will rise to 80.08%, leading to a complete change of control with the new group becoming promoters. The offer is not conditional on any minimum acceptance and there is no intention to delist the company.
Public shareholders of Reliable Ventures India Limited can tender their shares at ₹21 each in cash during the open offer window. The acquisition triggers a full change of promoter and control, which may bring strategic shifts but also raises a note that public shareholding could fall below the mandatory 25% threshold, potentially affecting liquidity and stock price.