BSECompany Update6d ago · 7 Aug 2026, 03:54 pm
Rarever Financial Advisors Pvt Ltd ("Manager to the Offer') has submitted to BSE a copy of Letter of Offer to the Shareholders of Reliable Ventures India Ltd ("Target Company").
Reliable Ventures India Ltd · 532124
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Reliable Ventures India Ltd has received a letter of offer from Rarever Financial Advisors Pvt Ltd on behalf of three acquirers to acquire 26% of the company's voting capital at ₹21 per share.
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Reliable Ventures India Ltd - 532124 - Letter of Offer
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Date: August 7, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400001
Maharashtra, India
SUB: Letter of Offer to the Shareholders of Reliable Ventures India Limited (‘Target Company’) in
terms of Regulations 3(1) and 4 of SEBI (Substantial Acquisition of Shares and takeovers)
Regulations, 2011
Dear Sir/Madam,
We, Rarever Financial Advisors Private Limited (hereafter referred to as “Manager to the Offer”), are
hereby submitting the Letter of Offer made by us on behalf of Mr. Chennupati Sarath Kumar (Acquirer 1),
Mr. Vasireddy Sivanag (Acquirer 2) and Ancla Technology Solutions India Private Limited (Acquirer 3),
(collectively referred to as the “Acquirers”) to acquire 28,63,354 equity shares representing 26.00% of the
Voting Capital of Target Company at a price of ₹21/- for each equity shares of Target Company, pursuant
to and in compliance with Regulations 3(1) and 4 of Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto.
Please take the same on your record.
YFoour rRsa Fraeivthefru Flliyn, ancial Advisors Private Limited
Kruti Vyas
Authorised Signatory
Place: Ahmedabad
1. Letter of Offer
Enc l:
LETTER OF OFFER
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
This Letter of Offer (LoF) is being sent to you as Public Shareholder(s) (as defined below) of Reliable Ventures India Limited (“Target
Company”). If you require any clarifications about the action to be taken, you may consult your stockbroker or investment consultant or
Manager to the Offer (as defined below) / Registrar to the Offer (as defined below). In case you have recently sold your Equity Shares of the
Target Company, please hand over this Letter of Offer and the accompanying Form of Acceptance-cum-acknowledgement to the purchaser
of the Equity Shares or the member of the Stock Exchange through whom the said sale was affected.
OPEN OFFER (“OFFER”) BY
Mr. Chennupati Sarath Kumar (Acquirer 1)
Rollin Archade Apartments, B Block 303, Street No. 1, Czech Colony, Hyderabad, Telangana, 500018, India.
Tel. No.: +91 9989855166; E-mail: sarathch6@gmail.com
Mr. Vasireddy Sivanag (Acquirer 2)
Surya Towers Block-A, Flat No. 608, Aditya Sunshine Road, Shilpahills, Izzathnagar, Kothaguda, Dist-K.v. Rangareddy, Telangana,
500084, India
Tel. No.: +91 8886688499; E-mail: sivanag.vasireddy@gmail.com
Ancla Technology Solutions India Private Limited (Acquirer 3)
Plot No. 1285/A, 4th Floor, Road No. 64 Near Jubilee Hills Checkpost, Jubilee Hills, Hyderabad, Shaikpet, Telangana, India, 500033
Tel No.: 040-45253337; Email: info@anclatech.in
OPEN OFFER FOR ACQUISITION OF UPTO 28,63,354 FULLY PAID-UP EQUITY SHARES HAVING FACE VALUE OF ₹10.00 EACH (“EQUITY
SHARES”), CONSTITUTING 26.00% OF THE VOTING SHARE CAPITAL OF RELIABLE VENTURES INDIA LIMITED (“TARGET
COMPANY”), FROM ITS PUBLIC SHAREHOLDERS AT AN OFFER PRICE OF ₹21.00 PER OFFER SHARE, PAYABLE IN CASH, BY MR. MR.
CHENNUPATI SARATH KUMAR (ACQUIRER 1), MR. VASIREDDY SIVANAG (ACQUIRER 2) AND ANCLA TECHNOLOGY SOLUTIONS INDIA
PRIVATE LIMITED (ACQUIRER 3), (COLLECTIVELY REFERRED TO AS THE “ACQUIRERS”), PURSUANT TO AND IN COMPLIANCE WITH
REGULATIONS 3(1) AND 4, OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND
TAKEOVERS) REGULATIONS, 2011, INCLUDING SUBSEQUENT AMENDMENTS THERETO (“SEBI (SAST) REGULATIONS”). (“OFFER” OR
“OPEN OFFER”).
RELIABLE VENTURES INDIA LIMITED (‘TARGET COMPANY’)
Registered Office: A 6 Indore Road Koh-e-Fiza, Bhopal, Madhya Pradesh, 462001
Tel. No. +0755-4266601 / 02 / 03; E-mail: reliableventuressecretarial@gmail.com
Website: https://www.reliableventuresltd.com, CIN: L22354MP1992PLC007295;
1. This Offer is being made by the Acquirers pursuant to Regulation 3(1), and 4 of SEBI (SAST) Regulations 2011.
2. This Offer is not a conditional offer in terms of Regulation 19 of the SEBI (SAST) Regulations, 2011 and is not subject to any minimum level of
acceptance.
3. There has been no competing offer as per Regulation 20 of the SEBI (SAST) Regulations, 2011.
4. As on date, there are no Statutory Approvals required by the Acquirers to complete the underlying transaction and this Open Offer.
5. The Offer Price and/ or the Offer Size may be subject to upward revision, if any, pursuant to the provisions of Regulation 18(4) of the SEBI
(SAST) Regulations, at any time prior to commencement of the last 1 Working Day prior to the Tendering Period i.e. Thursday, August 13,2026,
and the same would also be informed by way of a public announcement in the Newspapers. Where the Acquirers have acquired any Equity
Shares during the Offer Period at a price higher than the Offer Price, the Offer Price shall stand revised to the highest price paid for such
acquisition in accordance with the provisions of Regulation 8(8) of the SEBI (SAST) Regulations. However, the Acquirers shall not acquire any
Equity Shares after the 3rd Working Day prior to the commencement of the Tendering Period, and until the expiry of the Tendering Period. In
the event of such revision, the Acquirers shall: (i) make corresponding increase to the Escrow Amount; (ii) make a public announcement in the
same newspapers in which the Detailed Public Statement was published; and (iii) simultaneously with the issue of such public announcement,
inform SEBI, BSE Limited, and the Target Company at its registered office of such revision. Such revised Offer Price shall be payable by the
Acquirers for all the Offer Shares validly tendered during the Tendering Period of this Offer.
6. A copy of the Public Announcement (“PA”) the Detailed Public Statement (“DPS”) are available and a copy of Letter of offer (LoF) are available
on the website of SEBI: www.sebi.gov.in
7. In the event of withdrawal of the Open Offer in terms of Regulation 23(1) of the SEBI (SAST) Regulations, 2011, the Acquirers (through the
Manager to the Offer) shall, within 2 (Two) Working Days of such withdrawal, make a public announcement of such withdrawal, in the same
Newspapers in which the Detailed Public Statement was published, stating the grounds for the withdrawal in accordance with Regulation 23(2)
of the SEBI (SAST) Regulations and such public announcement shall be sent to SEBI, Stock Exchange and the Target Company at its registered
office.
All future correspondence, if any, should be addressed to the Manager to the Offer / Registrar to the Offer at the following
addresses:
MANAGER TO THE OFFER REGISTRAR TO THE OFFER
RAREVER FINANCIAL ADVISORS PRIVATE LIMITED REGISTRAR TO THE OFFER
Registered Office: 807, Iconic Shyamal, Shyamal Cross Road, 132 Ring Mudra RTA Ventures Private Limited
Road, Satellite, Manekbag, Ahmedabad, Gujarat, 380015 B-117, 3rd Floor DDA Shed, Okhla Industrial Area, Phase-1, New
Contact Person: Ms. Kruti Vyas / Mr. Jiten Patel Delhi - 110020, India
Tel No.: +91 9998123745 Contact Number: +91 9958808069
Email Address: compliance@mudrarta.com
Email: openoffer.reliable@rarever.in
Website: www.mudrarta.com
Investor grievance email: ig@rarever.in
Contact Person: Mr. Akshay Tanwar
Website: www.rarever.in
SEBI Reg. No.: INR000004413
SEBI Reg. No.: INM000013217
OFFER OPENS ON: Friday, August 14,2026 OFFER CLOSES ON: Friday, August 28,2026
1 | P a ge
RELIABLE VENTURES INDIA LIMITED - OPEN OFFER | LOF
TENTATIVE SCHEDULE OF KEY ACTIVITIES OF THE OFFER
Activity Original Day and Date Revised Day and Date***
Issue of Public Announcement Tuesday, June 02, 2026 Tuesday, June 02, 2026
Publication of Detailed Public Statement in Tuesday, June 09, 2026 Tuesday, June 09, 2026
newspapers
Last Date for Filing of draft letter of Offer with SEBI Tuesday, June 16, 2026 Tuesday, June 16, 2026
Last date for Public Announcement of a Competing Wednesday, July 01, 2026 Wednesday, July 01, 2026
Offer*
Last date for receipt of comments from SEBI on the Wednesday, July 08, 2026 Wednesday, July 29, 2026
draft letter of Offer (in the event SEBI has not sought
clarification or additional inf
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