Mark Corporate Advisors Private Ltd has submitted to the Exchange a copy of letter offer
AAATECH · price
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Mark Corporate Advisors has submitted the Letter of Offer for a mandatory open offer by Jyotirgamya Advisory Private Limited and Mr. Ashok Kumar Chordia to acquire up to 33,34,968 equity shares (26% of voting capital) of AAA Technologies Limited at ₹101 per share in cash. The offer is triggered by an underlying share purchase agreement dated December 29, 2025, where the acquirers agreed to purchase 44,10,000 shares (34.38%) from the promoter group sellers (Venugopal M Dhoot, Shobha Dhoot, Anirudh Dhoot, and Vineet Dhoot) at ₹74.06 per share. The total open offer size is approximately ₹33.68 crore. The offer period runs from April 23, 2026 to May 7, 2026. Post-completion, the existing promoters will be reclassified as public shareholders.
Public shareholders have an opportunity to exit at ₹101 per share, representing a 36.4% premium over the underlying transaction price of ₹74.06. This open offer signifies a change in control of the company from the Dhoot family to the new acquirers.