Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Post-Offer Public Announcement to the Public Shareholders of Jupiter Infomedia Ltd ("Target Company").

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.0%Reaction day

₹50.50

prior close

₹52.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-1.8% vs market

Internet & Catalogue Retail peers, median of 6sector+0.3%-1.3% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.3 pts less than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0+0.8-1.8+0.3-1.3

Next day

+5.0+1.3+3.6-0.2+5.1

+3.5+2.0+1.6-0.1+3.7

+2.6+1.7+0.9+0.2+2.4

+2.9+2.1+0.8-1.2+4.0

+4.0+1.3+2.6-1.8+5.7

+1.9+0.7+1.3-1.6+3.5

15d

-1.3-1.6+0.3-3.5+2.2

-6.7-1.7-5.0-6.9+0.2

-19.8-0.2-19.6-4.5-15.3

-26.8-5.4-21.3-12.4-14.3

UpDownMarket · Nifty Microcap 250Sector · Internet & Catalogue Retail peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Arix Capital Ltd and Mrs. Kajal Gopal Baldha have completed an open offer to buy up to 26,05,200 shares (26% of voting capital) of Jupiter Infomedia Ltd at ₹52 per share under SEBI Takeover Regulations. The offer, which opened on August 19, 2025 and closed on September 2, 2025, received an extremely poor response — only 304 shares were tendered by public shareholders, against the 26,05,200 sought, with actual consideration of just ₹15,808 paid. This open offer follows an underlying Share Purchase Agreement where the acquirers agreed to buy 51,10,000 shares (51% stake) from existing promoters at ₹50 per share, totaling about ₹25.55 crore. Post-offer, the combined acquirer holding in Jupiter Infomedia stands at 77.22% of voting share capital, marking a change of control at the Mumbai-based listed company.

Likely market impact

The acquirers have gained effective control of Jupiter Infomedia with a 77.22% post-offer stake, but the near-zero public response to the open offer (304 shares vs 26,05,200 target) signals that shareholders viewed the ₹52 offer price as unattractive, likely because market price was higher. Small remaining public float (about 2.58%) may lead to low liquidity and delisting risk going forward.