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").
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.
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.