As per annexure attached.
Price
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Awaiting price reaction for this filing.
Three acquirers — Arix Capital Ltd, Kajal Gopal Baldha, and Punitbhai Bavanjibhai Lakkad — have entered a share purchase agreement to buy 51% of Jupiter Infomedia's paid-up equity. Because this gives them indirect control over Jupiter's listed subsidiary Netlink Solutions (India) Ltd, they have triggered a mandatory open offer under SEBI takeover rules to buy an additional 26% of Netlink's voting share capital. Following this change of control at the parent level, Netlink's board has appointed Viren Bakraniya as a Non-Executive Non-Independent Additional Director and Kajal Baldha as Executive Whole-time Director, both effective March 10, 2026. The change of ownership at Jupiter Infomedia will reshape the holding structure of Netlink Solutions.
For Jupiter Infomedia shareholders, this signals a change of control with new promoters taking over 51% of the company. For Netlink Solutions shareholders, a mandatory open offer at a SEBI-determined price is now in the offing, giving them an option to exit. Expect near-term stock price volatility in both names as the open offer process unfolds.