Srinivasa Rao Mandava offered to acquire a 26% stake in Aishwarya Technologies and Telecom Limited (BSE:532975) from its shareholders for INR 12.42 million on August 4, 2022. Srinivasa Rao Mandava will acquire 6.21 million shares at a price of INR 2 per share. In a related transaction, Srinivasa Rao Mandava entered into a Share Purchase Agreement to acquire 27.23% stake in Aishwarya Technologies and Telecom Limited from Rama
Manohar Reddy Gangavaram and . Amulya Reddy Gangavaram for 1NR 13 million. Tender offer will commence from November 4, 2022, and will close on November 18, 2022. Finshore Management Services Limited acted as a manager to the offer, and Bigshare Services Private Limited acted as a registrar to the offer.