AAA Technologies: IDC Recommends Open Offer Price of ₹101

The Independent Directors Committee (IDC) of AAA Technologies Ltd has submitted its recommendations to the BSE regarding the open offer to public shareholders. The offer, made by Acquirers Jyotirgamya Advisory Private Limited and Mr. Ashok Kumar Chordia, aims to acquire up to 33,34,968 equity shares, representing 26.00% of the voting share capital, at a price of ₹101.00 per share. The IDC, after reviewing the Public Announcement, Detailed Public Statement, and Letter of Offer, has deemed the offer price of ₹101.00 per share to be fair and reasonable, in compliance with SEBI (SAST) Regulations, 2011. The IDC members confirmed they have no conflict of interest with the target company or the acquirers and have not traded in the company's or acquirers' securities.