Rajani Nanavath made an offer to acquire an additional 26% stake in Richirich Inventures Limited (BSE:519230) for INR 16 million on July 5, 2023. An open offer made by Ms. Rajani Nanavath, for acquisition of up to 22,88,000 equity shares representing 26.00% of the voting share capital of Richirich Inventures Limited from the Public Shareholders. The transaction is subject to regulatory approvals and is expected to close on September 8, 2023.

This Offer is subject to the receipt of statutory and regulatory approvals by the Acquirer. Swaraj Shares and Securities Private Limited acted as financial advisor to Rajani Nanavath. Venture Capital and Corporate Investments Private Limited acted as registrar to the offer.

In a related transaction, Rajani Nanavath entered into share purchase agreement to acquire 24% stake or up to 11,51,994 ordinary shares in Richirich Inventures Limited from Pusa Investments Private Limited, Kalpesh Jain HUF, Ashok Jain HUF, Renu Ashok Jain, Ashokkumar Annraj Jain, Manoj Jain and others for INR 7.5 million on July 5, 2023.