Acquirers are making an Open Offer to buy 28,63,354 shares of Reliable Ventures India Limited, representing 26.00% of its equity, at ₹21 per share in cash. The Committee of Independent Directors holds the opinion that the offer price is fair and reasonable. The Acquirers deposited ₹6.01 Cr into an escrow account, leading to their nominees being appointed to the company's Board of Directors. Shareholders can participate by tendering their shares through the stock exchange mechanism. No statutory approvals are currently required for this offer.