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Corporate News - Detailed News Back
Sanjay and Rupal Mandavia launch open offer to acquire 3,200,000 ACI Infocom shares
10-Aug-26   20:35 Hrs IST
Sanjay Natvarlal Mandavia and Rupal Sanjay Mandavia have launched an open offer to acquire shares of ACI Infocom Limited, a company listed on the BSE under the symbol ACIIN, following their acquisition of shares and warrants in the Target Company. The offer, announced August 10, 2026, proposes to purchase shares at a price of Rs 1.53 per share, with the Acquirers seeking to acquire a total of 3,20,00,000 equity shares, increasing their combined stake to 25.05% from a pre-transaction holding of 3.34%. The offer is not subject to a minimum acceptance threshold and does not involve a competing offer or plans for delisting, and the Acquirers have secured financial arrangements to fund the acquisition. A detailed public statement will be published on or before August 17, 2026, and the offer is being managed by Credora Partners Private Limited.

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