Swaraj Shares and Securities Private Limited ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors (''IDC'') in relation to the ....
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The Committee of Independent Directors (IDC) of Netlink Solutions (India) Ltd has reviewed and recommended the open offer made by Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad (acting as persons in concert) as fair and reasonable. The acquirers are making an open offer to public shareholders for up to 6,57,599 equity shares, representing 26% of the voting share capital, at ₹201 per share (including 10% annual interest for delay in payment), aggregating to a maximum of about ₹13.22 crore. The offer was triggered by an indirect change of control, as the acquirers bought 51% and made an additional offer for 26% of Jupiter Infomedia Limited (the holding company), making Netlink a subsidiary under new control. The Letter of Offer was issued on January 16, 2026, and shareholders were advised to independently review the offer documents, market price, and risk factors before deciding.
Public shareholders of Netlink Solutions now have a formal reference point — the IDC has deemed the ₹201/share offer price fair and reasonable under SEBI takeover rules. Shareholders can tender shares at this price in the open offer window if they choose to exit, while those who believe the market price or long-term prospects are higher may decide to reject the offer.