Karvy Financial Services Limited made an offer to acquire additional 26% stake in Regaliaa Realty Limited for INR 17.8 million on August 31, 2018. The consideration is payable in cash. Karvy Financial Services Limited will acquire 0.94 million fully paid up equity shares, representing 26% stake of Regaliaa Realty Limited, at a price of INR 11.5 per equity share plus interest of INR 7.53 per equity share as directed by Stock Exchange Board of India, interest amount is subject to change. The offer is not conditional upon any minimum level of acceptance. The tender period commencement will start on October 29, 2018 and will close on November 13, 2018. Durga Poornima A and Yogesh Gaat of Akasam Consulting Private Limited acted as financial advisors for Karvy Financial Services Limited. B.N.Rathi Securities Limited (BSE:523019) appointed as buying broker of Karvy Financial Services Limited. Srinivas Dornala of Bigshare Services Pvt. Ltd. acted as registrar for Karvy Financial Services. Karvy Financial Services Limited cancelled the acquisition of additional 26% stake in Regaliaa Realty Limited on August 31, 2019.