Acquirers Fix Identified Date for Open Offer in Reliable Ventures India Ltd Acquisition
The proposed open offer for the acquisition of equity shares in Reliable Ventures India Ltd has seen a key procedural milestone as Rarever Financial Advisors Private Limited, acting as Manager to the Offer, announced the Identified Date. The identified date, crucial for determining the shareholders who will receive the formal Letter of Offer, is set for July 31, 2026.The open offer involves the acquisition of a stake in Reliable Ventures India Ltd by a group of acquirers, comprising Mr. Chennupati Sarath Kumar (Acquirer 1), Mr. Vasireddy Sivanag (Acquirer 2), and Ancla Technology Solutions India Private Limited (Acquirer 3).
The offer outlines the acquisition of up to 2,863,354 fully paid-up equity shares of Reliable Ventures India Ltd. The offering represents a substantial portion of the target company's voting capital at a specified price.
Key details regarding the proposed open offer are as follows:
| Detail | Value |
|---|---|
| Target Company | Reliable Ventures India Ltd |
| Total Shares Offered (Max) | 2,863,354 |
| Percentage of Voting Share Capital | 26.00% |
| Offer Price per Equity Share | ₹21/- |
| Identified Date for Letter of Offer | July 31, 2026 |
The Identified Date is set to determine the names of all shareholders who will be issued the Letter of Offer related to the proposed transaction. This date is instrumental in the process managed by Rarever Financial Advisors Private Limited.
Stock Price Movement
Reliable Ventures India Ltd is ticking up at ₹26.29, gaining 4.37% as of 14:59.The shares moved within a volatile intraday range, trading between a low of ₹24.15 and an intra-day high of ₹26.29.
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