Ancla Technology buys Reliable Ventures for ₹12.50 cr, entire promoter group exits
A group led by Ancla Technology Solutions will acquire a 54.08% controlling stake for ₹21 a share, triggering a mandatory open offer for an additional 26%.
— 1 earlier story on Reliable Ventures India Ltd. →What's new
- Ancla Technology Solutions is buying the entire 54.08% promoter stake for ₹12.50 cr at ₹21 a share.
- The deal triggers a mandatory open offer for another 26% of the company, costing about ₹6.01 cr.
- The new investor group will take full management control and become the new promoters.
Why this matters
A complete promoter exit at the nano-cap level is a rare, clean-slate event. Ancla Technology, a corporate entity, is paying ₹18.5 cr total to take a company with a ₹22 cr market cap. That's the entire market value in cash to the old owners, with a new team holding the keys.
What we're watching
- The new owners' plan for the currently stagnant hospitality business.
- Open offer subscription levels from minority shareholders.
- Whether Ancla's ₹18.5 cr total outlay signals operational investment to come.
The full read
The entire promoter group of Reliable Ventures is walking away. In a deal signed June 2, Ancla Technology Solutions will buy the 54.08% controlling stake for ₹12.50 crore at ₹21 a share. That triggers a mandatory open offer for another 26%, adding ₹6.01 crore to the bill. For a nano-cap hospitality company with a market cap of about ₹22 crore, this is a full takeover: the new group's total potential investment of over ₹18.5 crore is nearly the entire value of the firm. The existing promoters are out. A corporate acquirer is in. For a company with stagnant operations, the change in control is the whole story.
Questions answered
- Who is buying Reliable Ventures and for how much?
- Ancla Technology Solutions India is leading a group to buy the entire 54.08% stake from the existing promoters. The price is ₹21 per share, for a total consideration of ₹12.50 crore.
- What is the mandatory open offer?
- Indian takeover rules require the new buyers to make an offer to all other shareholders. This open offer is for up to 26% of the company's equity, also at ₹21 a share, representing a further ₹6.01 crore commitment.
- How much will the new promoter group spend in total?
- The initial stake purchase costs ₹12.50 crore, and the open offer adds another ₹6.01 crore, for a combined potential outlay of ₹18.51 crore.
- What is the current size of Reliable Ventures?
- The company is a nano-cap hospitality entity with a market capitalisation of approximately ₹22 crore, making the total acquisition cost almost equal to its entire market value.
Story so far
All notes on RELIABVEN →- 2 Jun 2026 · 8:02 PM IST Ancla Technology buys Reliable Ventures for ₹12.50 cr, entire promoter group exits
- 8d ago Reliable Ventures India reports zero revenue for FY26