Rikhav Securities Open Offer for 26% at ₹47.75/Share

Sobhagya Capital appointed as manager for an open offer by the Lakhani family acquirers and PACs for Rikhav Securities.
Offer triggered by market purchases exceeding 5% creeping limit, requiring acquisition of up to 99.56 lakh shares (26%).
Offer price set at ₹47.75 per share with total consideration of ₹47.54 crore, funded via credit facilities and internal accruals.
Tendering period scheduled from June 15 to June 29, 2026, following SEBI SAST Regulations 2011 compliance.