Rikhav Securities promoter group announces open offer for up to 26% stake at ₹47.75 per share.
Offer follows recent market purchase of 8.48% stake by promoters, triggering SEBI mandatory offer requirements.
Total consideration amounts to ₹47.54 crore for 99.55 lakh shares, executed through cash consideration.
Promoters emphasize continued confidence in company fundamentals with no change in management or control.