Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement under Regulations 13(4), 14(3) and 15(2) of the Securities and Exchange ....
AAATECH · price
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AAA Technologies Limited, an IT security and cyber security auditing company listed on BSE (543671) and NSE (AAATECH), has become the target of an open offer. Acquirers Jyotirgamya Advisory Private Limited and Mr. Ashok Kumar Chordia have signed a Share Purchase Agreement with four promoter sellers (the Dhoot family) to buy 44,10,000 shares (34.38% stake) at ₹74.06 per share. Following this, they have launched a mandatory open offer to buy up to 33,34,968 additional shares (26% of voting capital) from public shareholders at ₹101.00 per share, totaling up to ₹33.68 crore. Post the SPA and full tendering, the acquirers will hold 60.41% of the company, taking control and becoming new promoters. The offer price of ₹101 is justified based on the 60-day VWAP of ₹100.93 on NSE. The tendering period will run from February 20, 2026 to March 06, 2026.
This is a change of control event. Public shareholders can tender their shares at ₹101, which represents a meaningful premium over the negotiated SPA price of ₹74.06. The current 60-day VWAP on NSE is ₹100.93, suggesting the offer price is broadly at market levels. There is no plan to delist the stock, but the acquirers reserve the right to restructure operations later.