Announced Thu, 26 Mar · 15:56 IST

As per attached annexure.

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹161.00
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+10.2+15.7+20.3+24.2+25.5+18.7+27.2+29.8+26.1+16.6
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AI summary

Netlink Solutions announced the completion of an open offer by three acquirers — Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad — for 26% of the voting share capital of the company. This followed their acquisition of 51% of Jupiter Infomedia Limited, the holding company, which triggered the open offer under SEBI takeover regulations. As a result, control and management of Netlink Solutions have changed hands effective March 26, 2026. The existing promoters, Mr. Minesh Vasantlal Modi and Mrs. Rupa Minesh Modi, have resigned as Whole-Time Directors and have applied to be reclassified from 'Promoter' to 'Public' category, subject to stock exchange approval. The Acquirers are now expected to assume promoter status over the company through the holding company route.

Likely market impact

This marks a complete change of control at Netlink Solutions, with new promoters taking over via the holding company. Existing promoter directors have exited, which could lead to changes in business strategy and direction. Shareholders should expect board restructuring and potentially new strategic decisions from the incoming management.