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 (holding 54.66% stake through itself and subsidiary Jineshvar Securities), are selling 51% of the holding company's paid-up capital (51,10,000 shares) to Arix Capital Limited and Mrs. Kajal Gopal Baldha for Rs. 25.55 crores. A public announcement for an open offer under SEBI Takeover Regulations was made on April 9, 2025. After the open offer completes, the acquirers will be reclassified as promoters of the holding company, and the existing Modi family promoters will move to the public category. The deal is a negotiated transaction with no related-party angle, and the acquirers aim to take over management and control of the listed holding company.
This is effectively a change-of-control event at the parent level for Netlink Solutions, since Jupiter Infomedia plus its subsidiary together hold 54.66% of Netlink. Shareholders should watch for a consequent open offer for Netlink's shares and potential shifts in board composition and strategy at the holding company level.