Acquirers Announce Open Offer for 26% Stake in Reliable Ventures India Ltd at ₹21 Per Share

Acquirers Announce Open Offer for 26% Stake in Reliable Ventures India Ltd at ₹21 Per Share​

The open offer is underway as Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited (collectively referred to as the Acquirers) move to acquire a significant stake in Reliable Ventures India Limited (RVI). The Acquirers have launched an Open Offer targeting up to 28,63,354 equity shares, representing 26.00% of the Voting Share Capital of RVI, at an offer price of ₹21.00 per equity share, payable in cash.

The Detailed Public Statement was issued by Rarever Financial Advisors Private Limited, the Manager to the Offer, on June 09, 2026, following a Public Announcement made on Tuesday, June 02, 2026. The acquisition forms part of an underlying transaction involving a Share Purchase Agreement (SPA) executed between the Acquirers and existing Promoter Sellers on June 02, 2026.

Acquisition Details and Offer Structure​

The offer targets Public Shareholders of RVI. Assuming full acceptance under the Open Offer, the total consideration payable by the Acquirers is calculated at ₹6,01,30,434.00/-. This mandatory open offer is not conditional upon any minimum level of acceptance.

The transaction includes a separate acquisition of 59,55,815 Sale Shares representing 54.08% of the Voting Share Capital from the existing Promoter Sellers at a negotiated price of ₹21.00 per Sale Share, aggregating to a maximum consideration of ₹12,50,72,115.00/-.

The timeline for this offer includes the following critical dates:

• Identified Date: July 10, 2026
• Offer Opening Date (Tendering Period Commencement): July 31, 2026
• Offer Closing Date (Tendering Period Expiry): August 13, 2026

Acquirers' Financial Standing and Business Intent​

The Acquirers are interconnected entities. Mr. Chennupati Sarath Kumar and Mr. Vasireddy Sivanag are promoters and directors of Ancla Technology Solutions India Private Limited (Acquirer 3). Both individual acquirers have been certified by chartered accountants regarding their financial stability for the transaction:

• Net Worth of Acquirer 1 (Mr. Chennupati Sarath Kumar) as of May 23, 2026: ₹9,92,35,911/-
• Net Worth of Acquirer 2 (Mr. Vasireddy Sivanag) as of May 23, 2026: ₹3,05,34,026/-

Ancla Technology Solutions India Private Limited is a Telangana-based technology firm with over 11 years of experience in digital and enterprise technology solutions. The company's financial data for the past three fiscal years are as follows:


The Acquirers have declared that they do not hold any other interest in RVI besides the parties involved in the SPA and pledged their intention to expand RVI's business activities for commercial efficiency and operational reasons. Upon completion of both the SPA and the Open Offer, the Acquirers are expected to acquire control over the Target Company.

Market Overview and Shareholding Details​

Reliable Ventures India Limited was incorporated on September 01, 1992, and previously operated in the hospitality sector but currently has no operating business. The company is listed on BSE Limited (Security Code: 532124).

The financial performance of RVI over the last three years shows a trend of losses after tax for the fiscal year ending March 31, 2026:


The shareholding structure of the Acquirers in RVI is projected to be as follows upon completion of the Open Offer (assuming full acceptance):


The total proposed post-acquisition holding of the Acquirers is 88,19,169 Equity Shares, representing 80.08% of the Voting Share Capital, assuming full acceptance of the Open Offer.

Financial Arrangements and Commitment​

The Acquirers have confirmed they possess adequate financial resources to meet all obligations under the offer, with no borrowing from banks or financial institutions planned for this transaction.

A total consideration amount of ₹6,01,30,434.00/- has been secured via an Escrow Account opened at Axis Bank Limited in favor of the offer process. The Acquirers deposited a cumulative amount of ₹6,01,30,434.00/- across two payments on June 03, 2026, and June 04, 2026, demonstrating complete financial readiness for the transaction.

Market Valuation​

The Offer Price of ₹21.00 per share has been determined based on the findings that the Equity Shares are frequently traded in terms of SEBI (SAST) Regulations. The offer price is justified as it meets or exceeds several benchmark values, including the negotiated price under the SPA and the volume-weighted average market price for a 60 trading day period preceding the announcement.

The trading turnover for the target company on BSE Limited over the 12 calendar months prior to the Public Announcement was 29,81,520 shares against a total listed share capital of 1,10,12,900, representing 27.07% trading turnover.

Stock Price Movement​

Reliable Ventures India Ltd shares settled at ₹33.79, ticking up 7.65% in post-market trading today. The stock traded within an intraday range, finding a low of ₹30.22 and reaching a high of ₹34.52 during the session.