The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Magnifica Global Opportunities VCC
AAATECH · price
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Magnifica Global Opportunities VCC – MGO High Conviction Fund, a Mauritius-based foreign fund, has disclosed an open market purchase of 885,000 equity shares of AAA Technologies Ltd on 24 November 2025. This represents 6.899% of the company's total voting capital. The fund had NIL holding before this acquisition, meaning this is a brand-new position built in a single day's trading. The acquirer is not part of the promoter/promoter group and has disclosed under SEBI Takeover Regulations. The company's total equity capital remains unchanged at 1,28,26,800 shares of Rs. 10 face value.
A new institutional investor has entered AAA Technologies with a sizable 6.9% stake, which is a positive signal of foreign investor confidence. However, the fund is now just 3.1 percentage points away from the 10% open offer trigger threshold, so further buying by this entity could create takeover-related overhang.