Lakhani Group Open Offer for 26% of Rikhav Securities

Sobhagya Capital appointed as manager for mandatory open offer by B D Lakhani, B N Lakhani, H D Lakhani, and N D Lakhani for Rikhav Securities.
Offer triggered by market purchases totaling 32,51,200 shares (8.48% stake) breaching creeping acquisition limits under SEBI SAST Regulations.
Open offer price set at ₹47.75 per share for up to 99,55,920 shares representing 26% of voting capital.
Total consideration payable amounts to ₹47.53 crore assuming full acceptance of the offer.