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.
Value
₹47.54 Cr
Execution
Tendering period starts June 15, 2026, and closes June 29, 2026.
