As per attached annexure.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The promoters of Jupiter Infomedia Limited, the listed holding company of Netlink Solutions India, have signed a Share Purchase Agreement to sell 51,10,000 equity shares (51% of the paid-up capital) of Jupiter Infomedia to Arix Capital Limited and Mrs. Kajal Gopal Baldha for a total consideration of ₹25.55 crores. Since Jupiter Infomedia together with its wholly-owned subsidiary Jineshvar Securities holds 54.66% of Netlink Solutions, this deal effectively means a change of control at the Netlink Solutions level. The acquirers made a Public Announcement on April 9, 2025, which triggers an open offer process. Upon completion of the open offer, the acquirers will be classified as promoters of Jupiter Infomedia, and existing promoters will be moved to the public category.
Shareholders should watch for the formal open offer announcement for Netlink Solutions shares, which is likely to follow. The change of control at the holding company level could lead to management changes at Netlink Solutions and create short-term price volatility around the open offer pricing.