Mark Corporate Advisors submitted a post-offer advertisement for Sreeram Reddy Vanga's open offer for Photon Capital Advisors.
The open offer to acquire up to 26.13% stake at ₹115 per share closed with only 32 shares tendered and accepted.
Post-offer, the acquirer's holding reached 54.47% versus a projected 80.60%, falling significantly short of expectations.
The advertisement was published in Business Standard, Navshakti, and Nava Telangana as per SEBI SAST Regulations.