Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement under Regulation 18 (12) of Securities and Exchange Board of India (Substantial ....
AAATECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The open offer by Jyotirgamya Advisory Private Limited and Mr. Ashok Kumar Chordia to acquire up to 26% (33,34,968 shares) of AAA Technologies Limited at ₹101 per share has closed with very low acceptance. Only 46,469 shares (0.36% of voting capital) were tendered and accepted, far below the 33,34,968 shares that were offered. The offer was open from April 23 to May 7, 2026. Despite the Acquirers already holding 34.38% via a Share Purchase Agreement, public shareholders showed limited interest in tendering their shares. Post-offer, the Acquirers hold 34.78% of voting capital, with public shareholders retaining 65.22%.
The Acquirers failed to reach their 60.42% target holding, ending with 34.78% — the offer was largely ignored by public shareholders. This suggests the ₹101 offer price may not have been attractive enough, and the acquirers remain below the threshold for delisting or full control, leaving the stock open for trading on exchanges.