Reliable Ventures India Limited has disclosed an acquisition of 32,00,000 equity shares, representing 29.05% of the total share capital. The acquisition was made by Chennupati Sarath Kumar on September 1st and 2nd, 2026. This transaction brings the total holding of the acquirer and Persons Acting in Concert (PACs) to 29.05% of the company’s voting capital. The shares were acquired through an off-market transaction.
Substantial Acquisition of Shares Announced
Reliable Ventures India Limited has formally notified the stock exchange regarding a substantial acquisition of its equity shares. The announcement details the acquisition of 32,00,000 equity shares, which collectively account for 29.05% of the company’s total issued and paid-up share capital. This significant transaction was executed by Mr. Chennupati Sarath Kumar, who is identified as the acquirer. The acquisition took place on September 1st, 2026, and September 2nd, 2026.
Details of the Transaction
The disclosure, submitted in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, outlines that the acquirer, Chennupati Sarath Kumar, now holds 29.05% of the total voting capital of Reliable Ventures India Limited. Prior to this acquisition, the holding by the acquirer and any associated Persons Acting in Concert (PACs) was NIL. The total share capital of the Target Company (TC) before and after the said acquisition is stated as 1,10,12,900 Equity Shares.
Mode of Acquisition
The mode of acquisition is specified as ‘Off-market’. This indicates that the transaction did not occur on a public stock exchange but through a direct negotiation or agreement between the buyer and the seller(s). The shares acquired are identified as equity shares carrying voting rights.
Acquirer Information
Chennupati Sarath Kumar is confirmed to belong to the Promoter/Promoter group of Reliable Ventures India Limited. The disclosure also confirms that prior to the acquisition, the acquirer and PACs held no shares carrying voting rights, nor any warrants, convertible securities, or other instruments that would entitle them to receive shares. Following the acquisition, their total holding is 32,00,000 shares (29.05%).
Source: BSE
