As per annexure attached herewith.
Price
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Awaiting price reaction for this filing.
The promoters of Jupiter Infomedia — Umesh Vasantlal Modi, Manisha Umesh Modi, and Kusumben Vasantlal Modi — who currently hold 70.73% of the company (70,87,500 shares) have signed a Share Purchase Agreement to sell 51,10,000 shares (51% of paid-up capital) to M/s Arix Capital Limited and Mrs. Kajal Gopal Baldha for a total consideration of ₹25.55 crore (about ₹50 per share). The deal was executed on April 9, 2025 and is described as a negotiated takeover, with the acquirers intending to take over management and control of the company. After the open offer concludes, the acquirers will be reclassified as promoters, while the existing promoter group will be moved to the public category. The acquirers are not related to the existing promoter group, and no related-party conflict has been declared.
This is a complete change of control at Jupiter Infomedia — a significant event for shareholders, as new promoters will run the company post-open offer. Existing shareholders should watch for the mandatory open offer that will follow, which will give them an exit opportunity at the same price or as per takeover regulations.