BSECompany Update6d ago · 14 Aug 2026, 08:16 am
Rarever Financial Advisors Pvt Ltd ("Manager to the Offer') has submitted to BSE a copy of Pre-Offer advertisement cum Corrigendum to the Public Announcement and Detailed Public Statement ....
Reliable Ventures India Ltd · 532124
✦ AI SummaryFundraise
Reliable Ventures India Ltd receives an open offer from Rarever Financial Advisors Pvt Ltd to acquire 28,63,354 equity shares at ₹ 21/- per share, representing 26.00% of the company's equity share capital.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Reliable Ventures India Ltd - 532124 - Updates on Open Offer
Attachments (1)
📄pdf
Download →
D1728BF3-A199-4A17-BA16-CC5127F61D7C-081604.pdf
View document text
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400001,
Maharashtra, India.
Sub: Offer opening Advertisement to the shareholders of Reliable Ventures India Limited
(‘Target Company’) in terms of regulation 18(7) of Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent
amendments thereto.
Dear Sir /Madam,
We, Rarever Financial Advisors Private Limited (hereafter referred to as “Manager to the Offer”), are
hereby submitting Offer Opening Advertisement 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 of Target Company, pursuant to and in compliance with, among others, Regulations 3(1) and
4 read with Regulation 18(7) of Securities and Exchange Board of India (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto.
The Offer opening advertisement is published today i.e. August 13, 2026 in the following
newspapers, which have been submitted herewith for your record.
Newspaper & Language Editions
Financial Express (English) All Editions
Jansatta (Hindi) All Editions
Mumbai Lakshadeep Marathi Daily
Indore Samachar Hindi Daily
Request you to kindly take the same on your record.
Yours Faithfully,
For, Rarever Financial Advisors Private Limited
Kruti Vyas
Assistant Vice President
SEBI Reg. No: INM000013217
Place: Ahmedabad
Date: August 13, 2026
Encl: Pre – Offer Opening Advertisement
RELIABLE VENTURES INDIA LIMITED
Corporate Identification Number: L22354MP1992PLC007295;
Registered Office: A 6 Indore Road Koh-e-Fiza, Bhopal, Madhya Pradesh, 462001;
Contact Number: 0755-4266601 / 02 / 03;
Email Address: reliableventuressecretarial@gmail.com ;
Website: www.reliableventuresltd.com
PRE-OFFER ADVERTISEMENT CUM CORRIGENDUM TO THE PUBLIC ANNOUNCEMENT AND DETAILED
PUBLIC STATEMENT UNDER REGULATION 18(7) IN TERMS OF SEBI (SUBSTANTIAL ACQUISITION OF
SHARES AND TAKEOVERS) REGULATIONS, 2011
This Pre-Offer Advertisement and Corrigendum to the Public Announcement and Detailed Public Statement is
issued by Rarever Financial Advisors Private Limited (‘Manager to the Offer’), for and on behalf of Mr.
Chennupati Sarath Kumar (Acquirer 1), Mr. Vasireddy Sivanag (Acquirer 2) and Ancla Technology Solutions
India Private Limited (Acquirer 3) (hereinafter collectively referred to as ‘Acquirers’) pursuant to regulation
18(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,
2011, as amended [‘SEBI (SAST) Regulations’], in respect of the Open Offer to acquire 28,63,354 Equity Shares
(‘Offer Shares’) of face value of ₹ 10/- each at a price of ₹ 21/- each payable in cash, representing 26.00% of the
fully paid up equity share capital and voting capital of the Reliable Ventures India Limited (“Target Company”)
in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011, as amended (“SEBI (SAST) Regulations”) (“Open Offer” / “Offer”) from the public
shareholders of the Target Company. The Detailed Public Statement (‘DPS’) with respect to the aforementioned
Open Offer was made on June 09, 2026 in Financial Express (English) (All Editions), Jansatta (Hindi) (All
Editions), Mumbai Lakshadeep (Marathi Daily) (Mumbai Edition) and Indore Samachar (Hindi Daily).
Shareholders of the Target Company are requested to kindly note the following:
1. Offer Price: The Offer is being made at a Price of ₹ 21.00/- per Equity Share, payable in cash and there has
been no revision in the Offer Price.
For further details relating to the Offer Price, please refer to paragraph 7 (Justification of Offer Price) beginning
on page no. 26 point no 7.1 of the LOF.
2. Recommendations of the Committee of Independent Directors: A Committee of Independent Directors of
the TC (“IDC”) published its recommendation on the offer on August 12, 2026, in Financial Express (English)
(All Editions), Jansatta (Hindi) (All Editions), Mumbai Lakshadeep (Marathi Daily) (Mumbai Edition) and
Indore Samachar (Hindi Daily). The IDC is of the opinion that the Offer Price to the Public Shareholders of the
Target Company is fair and reasonable and is in line with SEBI (SAST) Regulations, 2011. Public Shareholders
may, therefore, independently evaluate the offer and take an informed decision.
3. This Offer is not a competing offer in terms of Regulation 20 of the SEBI Takeover Regulations.
4. The Letter of Offer (‘LoF’) was mailed on August 05, 2026, to all the Public Shareholders of the Target Company,
who’s E-Mails IDs are registered and physical copies were dispatched on August 07, 2026 to all the Public
Shareholders of the Target Company who are holding Physical Equity Shares and non-email registered
shareholders as appeared in its Register of Members on July 31, 2026. (‘Identified Date’).
5. Please note that a copy of the LOF (which includes the Form of Acceptance) is also available on the websites
of SEBI (www.sebi.gov.in), the Target Company (www.reliableventuresltd.com), the Registrar to the Offer
(compliance@mudrarta.com), the Manager to the Offer (www.rarever.in) and BSE (www.bseindia.com),
from which the Public Shareholders can download/print the same.
6. There has been no merger/ de-merger or spin-off in the Target Company during the past three years.
7. Instructions for Public Shareholders:
A. In case of Equity Shares are held in Physical Form:
The Public Shareholders who are holding Physical Equity Shares and intend to participate in the Open
Offer shall approach the seller broker. The seller broker should place bids on the Designated Stock
Exchange platform with relevant details as mentioned on physical shares certificate(s). The selling broker
shall print TRS generated by the exchange bidding system. TRS will contain the details of the order
submitted folio no., certificate no., Dist.no., the number of Equity Shares etc. and such Equity Shareholders
should note that the Physical Equity Shares will not be excepted unless the complete set of documents as
mentioned on page 30 of the Letter of Offer is submitted. Acceptance of the Physical Equity Shares for the
Open Offer shall be subject to verification by the Registrar & Transfer Agent (RTA). On receipt of the
confirmation from the RTA, the bid will be accepted otherwise it would be rejected and accordingly the
same will be depicted on the Exchange platform.
B. In case of Equity Shares are held in the Dematerialized Form:
Eligible person(s) may participate in the offer by approaching their respective selling broker and tender
shares in the Open Offer as per the procedure mentioned on page 33-34 of the letter of offer.
C. Procedure for tendering the Shares in case of non-receipt of the Letter of Offer
In case of non-receipt of the LoF, the Public Shareholders holding the Equity Shares may download the
same from the websites of SEBI (www.sebi.gov.in), the Target Company (www.reliableventuresltd.com),
the Registrar to the Offer (compliance@mudrarta.com), the Manager to the Offer (www.rarever.in) and
BSE (www.bseindia.com). Alternatively, they may participate in the Offer by providing their application in
plain paper in writing signed by all Shareholder(s), stating name, address, the number of Equity Shares
held, client ID number, DP name, DP ID number, Folio No. certificate no., Dist. no. (In case of physical
shares) number of equity shares tendered.
Further, in case of non-receipt/non-availability of the form of acceptance/withdrawal, the application can
be made on plain paper along with the following details:
a. In case of physical shares: Name, address, distinctive numbers, folio nos., number of shares
tendered/withdrawn.
b. In case of dematerialized shares: Name, address, number of shares tendered/withdrawn, DP name,
DP ID, Beneficiar
[Showing first 8,000 characters — download PDF for full document]