Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Letter of Offer to the Public Shareholders of Jupiter Infomedia Ltd ("Target Company").
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On the reaction day the stock moved 9.6 pts more than Nifty Microcap 250 and 11.3 pts more than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jupiter Infomedia Ltd is the subject of a mandatory Open Offer triggered by a change in control. Acquirers Arix Capital Limited and Mrs. Kajal Gopal Baldha are buying 26,05,200 shares (26% of voting capital) from public shareholders at ₹52 per share, totaling about ₹13.55 crore in maximum consideration. The offer stems from a Share Purchase Agreement signed on April 9, 2025, under which the acquirers are buying 51% stake from existing promoters (Mr. Umesh Modi, Mrs. Manisha Modi, and Mrs. Kusumben Modi) at ₹50 per share, worth about ₹25.55 crore. The Open Offer window runs from August 19, 2025 to September 2, 2025. There is no competing offer and no minimum acceptance condition. Swaraj Shares and Securities is the manager to the offer.
Public shareholders of Jupiter Infomedia can tender their shares at ₹52 each during the offer window. The acquirers have committed to bring public shareholding back to required minimum levels if it falls below 25% post-transaction. Expect increased trading activity and possible price movement around the offer window.