Bhaskara Rao Bollineni and Bhavanam Ruthvik Reddy made an offer for 26% of Som Datt Finance Corporation Limited (BSE:511571) for INR33.88 on November 9, 2022. In similar transaction Bhaskara Rao Bollineni and Bhavanam Ruthvik Reddy agreed to acquire 69.34% stake in Som Datt Finance Corporation Limited (BSE:511571) from Kuldip Singh Rathee and Vijay Rathee for INR235 million. The tender offer will commence on May 29, 2023, and close on June 9, 2023. As of May 22, 2023, the transaction has been recommended by the IDC of Som Datt Finance. Wincy Nadar of PL CAPITAL MARKETS PRIVATE LIMTED acted as the manager to the offer to Bhaskara Rao Bollineni and Bhavanam Ruthvik Reddy and RCMC SHARE REGISTRY PRIVATE LIMITED acted as registrar in the transaction.

Bhaskara Rao Bollineni and Bhavanam Ruthvik Reddy completed the acquisition of a 0.014% stake of Som Datt Finance Corporation Limited (BSE:511571) on June 9, 2023.