Open Offer16 Apr 2026, 03:38 pm
AAA Technologies: Open Offer for 26% stake at ₹101/share
AI Summary
Mark Corporate Advisors Pvt Ltd, Manager to the Offer, has submitted the Letter of Offer for an open offer to the public shareholders of AAA Technologies Ltd. The offer is made by Jyotirgamya Advisory Private Limited and Mr. Ashok Kumar Chordia (Acquirers) to acquire up to 3,334,968 fully paid-up equity shares, representing 26.00% of the voting share capital of AAA Technologies. The offer price is ₹101.00 per equity share, payable in cash. This offer is made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It is not a conditional offer and is not subject to any minimum level of acceptance. The offer price may be subject to upward revision as per SEBI regulations.
Key Highlights
- Acquirers launched an open offer for 26% of AAA Technologies' shares.
- Offer price is ₹101.00 per equity share, payable in cash.
- The offer targets 3,334,968 equity shares from public shareholders.
- Offer is unconditional and not subject to minimum acceptance.
- Offer price may be subject to upward revision as per SEBI regulations.