Open Offer at Rs 72 per share for 26% stake in Hiliks Technologies
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Mandatory open offer by Enact Technologies, Penumatsa Venkata Raju, and Boyapati Lakshmi Narasimha Swamy to acquire up to 36,92,000 shares (26%) of Hiliks Technologies at Rs 72 per share in cash. Triggered by a Share Purchase Agreement with promoter Extros Developers for 5 lakh shares at the same price, leading to change of control. Offer opens Nov 30 and closes Dec 11, 2026, with payment by Dec 28. Post offer, acquirers and PACs will hold about 51.59% of the expanded share capital.
Shareholders can tender shares at Rs 72 in cash from Nov 30 to Dec 11, 2026. Acquirers taking management control; existing promoter to be reclassified as public.