Rikhav Securities Ltd — Important, 01-01-1970: Company Update

Acquirers and Persons Acting in Concert have launched an open offer for Rikhav Securities Limited, seeking to acquire up to 99.56 lakh equity shares, representing 26% of the company's voting share capital, at an offer price of Rs. 47.75 per share. This open offer was triggered because the promoter and promoter group's shareholding increased by over 5% in a financial year through market purchases, exceeding regulatory limits. The total offer value, assuming full acceptance, is approximately Rs 47.54 Crore, funded by internal resources and a Rs 20 Crore credit facility. The company will continue its equity broking, investing, and trading business.