ALFA Filings
Every announcement, straight from the exchange
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Announcement type
Time
4 announcements with these filters
Sobhagya Capital submitted the Letter of Offer for the open offer of Rikhav Securities Limited, intending to acquire 99,55,920 shares at ₹47.75 per share.
Rikhav Securities Ltd's promoters and PACs have launched a ₹47.54 Crore open offer to acquire up to 99,55,920 equity shares (26% stake) from public shareholders. The consolidated offer price is set at ₹47.75 per share. This mandatory bid follows creeping acquisitions exceeding the 5% threshold, ensuring compliance with SEBI takeover regulations.
Rikhav Securities Limited promoters have announced an open offer to acquire up to 26% stake (99,55,920 shares) at ₹47.75 per share. The total deal value is ₹47.54 Crore. This follow-on offer follows recent promoter market purchases of 8.48% and reflects management's confidence in the company's long-term growth prospects.
Acquirers led by B D Lakhani have announced an open offer to acquire up to 99,55,920 shares (26%) of Rikhav Securities Limited at ₹47.75 per share. The total offer size is valued at ₹47.54 Crore. This mandatory bid follows market purchases that triggered SEBI takeover regulations, providing an exit opportunity for public shareholders.