Swaraj Shares and Securities Private Limited ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer for the attention of the Public Shareholders of Netlink Solutions ....
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Swaraj Shares and Securities Pvt Ltd, the Manager to the Offer, has submitted the Draft Letter of Offer to BSE on behalf of acquirers Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad. The acquirers are making a mandatory open offer to buy up to 6,57,599 equity shares (26% of voting capital) from public shareholders of Netlink Solutions at ₹186 per share, aggregating to a maximum of ₹12.23 crore in cash. The offer is triggered indirectly because the acquirers are buying 51% of Jupiter Infomedia Ltd (Netlink's holding company) from existing promoters via a Share Purchase Agreement at ₹50 per share for ₹25.55 crore. Netlink Solutions is a subsidiary of Jupiter Infomedia, so this SPA triggers the open offer under SEBI Takeover Regulations. The tendering period is tentatively scheduled from June 26, 2025 to July 9, 2025.
Public shareholders of Netlink Solutions can tender their shares at ₹186 per share during the offer window. The offer signals a change in control of the company through its holding entity, which may bring fresh direction or strategic shifts from the new promoters.