An official post-offer advertisement has been issued by Rarever Financial Advisors Private Limited on behalf of the acquirers for Reliable Ventures India Limited. The advertisement details the outcome of the open offer, including the actual number of shares acquired and the resulting post-offer shareholding of the acquirers. This provides transparency on the final ownership structure post the acquisition.
Post-Offer Advertisement Details for Reliable Ventures India Limited
Rarever Financial Advisors Private Limited, acting as the Manager to the Offer, has released a post-offer advertisement concerning the open offer for Reliable Ventures India Limited. This advertisement, issued on behalf of acquirers Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited, details the final outcome of the open offer for 28,63,354 Equity Shares, representing 26% of the company’s total paid-up equity share capital. The offer price was set at ₹21/- per Equity Share.
Key Acquisition Figures
The advertisement outlines the actual results of the acquisition process. In the letter of offer, 28,63,354 shares were proposed to be acquired. The actual number of shares tendered was 79, and the aggregate number of shares accepted was also 79. This indicates a significantly lower acceptance rate than initially proposed in the open offer.
Post-Offer Shareholding
Following the acquisition, the post-offer shareholding of the acquirers in Reliable Ventures India Limited stands at 59,55,894 shares, which represents 54.08% of the fully diluted equity share capital. This is a notable increase from their pre-offer shareholding of Nil (0.00%). The detailed breakdown also shows the pre and post-offer shareholding of the public, which has decreased.
Offer Timeline
The open offer commenced on Friday, August 14, 2026, and closed on Friday, August 28, 2026. The date for the completion of payment of consideration and communication of rejection/acceptance was Friday, September 04, 2026.
Acquirers’ Responsibility
The acquirers have accepted full responsibility for the information contained in this post-offer advertisement and for their obligations under the SEBI (SAST) Regulations, 2011.
Source: BSE
