Open Offer at Rs 72 per share for 26% stake in Hiliks Technologies

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹60.98

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+0.3% vs market

Investment Company peers, median of 61sector+0.7%+0.9% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.9 pts more than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+1.6+1.3+0.3+0.7+0.9

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+6.7+1.1+5.6+0.0+6.6

+17.4-1.7+19.1-0.8+18.1

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+20.9-6.0+26.9-3.4+24.3

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AI summary

Acquirers Enact Technologies, Penumatsa Venkata Raju, and Boyapati Venkata Lakshmi Narasimha Swamy along with PACs are making an open offer for 36,92,000 shares (26% of expanded capital) of Hiliks Technologies at Rs 72 per share, totalling about Rs 26.58 crores in cash. The trigger is a Share Purchase Agreement dated October 5, 2026 to buy 5,00,000 shares from existing promoter Extros Developers at Rs 72, leading to change of control. Post-SPA, the acquirer group will hold 25.59% of expanded capital.

Likely market impact

Public shareholders can tender shares at Rs 72 each in cash. Control of Hiliks Technologies is shifting to a new promoter group led by Enact Technologies.