No takers for Aptech open offer

IL&FS Investmart, on behalf of Aptech Investments, today announced that the acquirers could get only 3,403 shares (0.008%) in the open offer made to shareholders at Rs 67.50 per share.

According to a release issued by Aptech to the BSE today, the offer was made for acuqiring 82,70,000 shares by Aptech Investments.

"The shareholding of the acquirers now total 1,05,54,403 shares, accounting for 25.65% of the paid-up capital of Aptech after the open offer, as against the envisaged holding of 1,88,21,000 accounting for 45.74% of the paid-up capital," the release added.

The initial offer, made on July 16, 2005, to acquire up to 68,90,000 shares was later hiked to 82,70,000 shares on September 20, according to releases issued by the company to the BSE.

The stock is now trading at Rs 101 on the BSE.