Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in accordance with the provisions of Regulations 13(4), 14 (3) and ....
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Arix Capital Limited and Mrs. Kajal Gopal Baldha (the Acquirers) have triggered a mandatory open offer to buy up to 26,05,200 equity shares (26% of voting share capital) of Jupiter Infomedia Ltd from public shareholders at Rs. 52 per share, totalling up to Rs. 13.55 crore in cash. This follows a Share Purchase Agreement dated April 9, 2025 under which the Acquirers are buying 51,10,000 shares (51% stake) from existing promoter shareholders — Mr. Umesh Modi, Mrs. Manisha Modi, and Mrs. Kusumben Modi — at Rs. 50 per share, aggregating Rs. 25.55 crore. The acquisition results in a complete change of control, with the existing promoters exiting and the Acquirers becoming the new promoters. Swaraj Shares and Securities Pvt Ltd is acting as Manager to the Offer, and the Detailed Public Statement was published on April 21, 2025 across Financial Express, Jansatta, and Mumbai Lakshadeep.
Public shareholders can tender their shares at the fixed offer price of Rs. 52 per share in cash. The deal triggers a complete change in control, with the current promoter group fully exiting and new promoters taking over, which may affect the company's strategic direction. Post-offer, public shareholding may fall below the mandatory 25% threshold, requiring the Acquirers to restore compliance within 12 months.