Reliable Ventures India Limited has published an Offer Opening Advertisement on August 13, 2026, detailing an Open Offer to acquire 28,63,354 Equity Shares at ₹21.00 per share. The offer is made by Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited. The offer represents 26.00% of the company’s equity share capital. The Letter of Offer was dispatched on August 5, 2026.
Offer Opening Advertisement Details
Reliable Ventures India Limited has announced the publication of an Offer Opening Advertisement on August 13, 2026. This advertisement serves as a corrigendum and pre-offer notification regarding an open offer for the company’s shares.
Open Offer Overview
The Acquirers, namely Mr. Chennupati Sarath Kumar (Acquirer 1), Mr. Vasireddy Sivanag (Acquirer 2), and Ancla Technology Solutions India Private Limited (Acquirer 3), are making an Open Offer to acquire 28,63,354 Equity Shares of Reliable Ventures India Limited. The offer price is fixed at ₹21.00 per Equity Share, payable in cash, with no revision to the offer price. This represents 26.00% of the fully paid-up equity share capital and voting capital of the Target Company.
Key Dates and Disseminations
The Detailed Public Statement (DPS) regarding this Open Offer was previously made on June 09, 2026. The Letter of Offer (LoF) was mailed to public shareholders on August 05, 2026, with physical copies dispatched on August 07, 2026. The identified date for determining eligible shareholders was July 31, 2026.
Independent Directors’ Recommendation
A Committee of Independent Directors of the Target Company published its recommendation on the offer on August 12, 2026. The committee opined that the Offer Price is fair and reasonable and in line with SEBI (SAST) Regulations, 2011. Public shareholders are encouraged to independently evaluate the offer.
Availability of Documents
Copies of the Letter of Offer, including the Form of Acceptance, are available on the websites of SEBI, the Target Company, the Registrar to the Offer, the Manager to the Offer, and BSE. Shareholders can also inspect material documents at the office of the Manager to the Offer, Rarever Financial Advisors Private Limited, from August 14, 2026, to August 28, 2026.
Revised Schedule of Activities
The schedule of activities for the Open Offer has been updated. Key revised dates include: Offer Opening Date on August 14, 2026, and Offer Closing Date on August 28, 2026. The payment of consideration for accepted tenders is scheduled for September 11, 2026.
Source: BSE
