Reliable Ventures India Ltd — Important, 01-01-1970: Company Update

Reliable Ventures India Limited faces a change of control. Acquirers (Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions) will acquire a 54.08% stake from existing promoters for ₹12.51 Crore, at ₹21.00 per share. This triggers a mandatory open offer for public shareholders to tender up to 26% of the voting capital (28.63 lakh shares) at the same ₹21.00 per share, totaling ₹6.01 Crore. Post-offer, Acquirers will hold 80.08%. This might reduce public shareholding below the 25% minimum, requiring future steps to ensure compliance. Delisting is not planned.