Aryaman Financial Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4 read with Regulations 13(1), 14 and 15(1) of Securities ....
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Aryaman Financial Services Ltd, as Manager to the Offer, has filed a Public Announcement for an Open Offer on Net Pix Shorts Digital Media Ltd (BSE: 543247). The Open Offer is triggered by Mr. Ritesh Tiwari and Mrs. Alka Tiwari acquiring 23,00,000 equity shares (71.87%) from promoter Danish Zakaria Aghadi via a Share Purchase Agreement dated December 15, 2025, for a total consideration of Rs. 690 lakhs. The Open Offer is for 8,32,016 shares (26.00% of equity) at Rs. 32 per share, aggregating to Rs. 266.25 lakhs, payable in cash. The acquirers currently hold no shares pre-transaction and will collectively hold 71.87% post-SPA. The Detailed Public Statement is expected to be published by December 22, 2025.
This is a change-of-control transaction where new promoters (the Tiwari family from Jaipur) are taking over the listed company. Existing public shareholders can tender their shares at Rs. 32 each during the offer period. The stock may see price action as the open offer price sets a near-term floor, and shareholders should evaluate whether to tender, hold, or sell based on their view of the new management.