Ancla Technology Solutions India Private Limited acquired a 19.56% stake in Reliable Ventures India Limited through off-market transactions completed between September 1 and September 7, 2026.

The Hyderabad-based entity purchased 21,54,012 equity shares, bringing its total holding to this level. The acquisition was executed across four separate dates: September 1, September 2, September 4, and September 7.

Transaction Details

The disclosure filed with the Bombay Stock Exchange under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms the nature of the deal.

Ancla Technologies Solutions India Private Limited is identified as part of the promoter group of the target company. Prior to these transactions, the acquirer held nil shares carrying voting rights. Following the acquisition, the total diluted share capital of Reliable Ventures India Limited remains at 1,10,12,900 equity shares.

What the Numbers Show

The acquisition represents a substantial consolidation of ownership within the promoter group. With Ancla now holding nearly one-fifth of the total voting capital, the move likely aims to streamline corporate governance or prepare for future strategic initiatives. The off-market nature suggests negotiated block trades rather than open market purchases, indicating pre-existing agreements between sellers and the acquirer.

Acquirers have submitted a post-offer advertisement for the open offer of 28,63,354 equity shares of Reliable Ventures India Limited at ₹21 per share. The transaction represents 26% of the company’s fully paid-up equity share capital.

Rarever Financial Advisors Private Limited, acting as Manager to the Offer, filed the document with BSE Limited on behalf of Mr. Chennupati Sarath Kumar, Mr. Vasireddy Sivanag, and Ancla Technology Solutions India Private Limited. The filing complies with Regulation 18(12) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Offer Timeline and Details

The open offer was open for subscription from Friday, August 14, 2026, to Friday, August 28, 2026. The acquirers completed the payment of consideration and communicated rejection or acceptance outcomes by Friday, September 04, 2026.

The initial public statement regarding the offer was published on June 09, 2026, in Financial Express, Jansatta, Indore Samachar, and Mumbai Lakshadeep newspapers. Mudra RTA Ventures Private Limited served as the Registrar to the Offer.