Swaraj Shares and Securities Private Limited ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in accordance with the provisions of Regulations 13(4), 14(3), ....
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A mandatory Open Offer has been triggered on Netlink Solutions India Ltd (BSE: 509040) by three acquirers: Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad. The offer is for up to 6,57,599 equity shares, representing 26% of the voting share capital, at an offer price of Rs.186 per share, aggregating to a maximum consideration of about Rs.12.23 crore. The trigger is an indirect acquisition — Arix Capital is buying 51% of Jupiter Infomedia Limited (Netlink's listed holding company) from the existing Modi family promoters for Rs.25.55 crore at Rs.50 per share, which gives the acquirers indirect control over Netlink. The DPS was published on May 13, 2025, after the Public Announcement made on May 6, 2025. The offer includes an additional 10% per annum interest for any delay in payment to public shareholders.
Public shareholders of Netlink Solutions can tender their shares at Rs.186 each during the tendering period, which provides a clear exit opportunity above market levels. The change of control at the holding company level (Jupiter Infomedia) will likely lead to changes in the board and management of Netlink, as the acquirers have indicated they will apply to be classified as promoters of the target company.