Swaraj Shares and Securities Private Limited ("Manager to the Offer") has submitted to BSE a copy of Public announcement under the provisions of Regulations 3(2), 4, and 5(2) read with ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Netlink Solutions (India) Limited has received a Public Announcement for a mandatory Open Offer from M/s Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad to acquire up to 6,57,599 equity shares (26.00% of voting capital) from public shareholders at ₹186.00 per share, aggregating to a maximum of ₹12.23 crore. The offer has been triggered because Acquirer 1 (Arix Capital) is buying a 51% controlling stake in Netlink's holding company, Jupiter Infomedia Limited, from the existing promoters at ₹50 per share (₹25.55 crore deal), giving the acquirers indirect control over Netlink as its subsidiary. The Public Announcement was belatedly issued on May 6, 2025, and the Detailed Public Statement is expected to be published by May 14, 2025. The acquirers have stated no intention to delist the company.
Existing public shareholders of Netlink Solutions can tender their shares at ₹186 each in cash. The change of control at the holding company level introduces new promoters, which could affect strategic direction going forward, though the acquirers have confirmed no delisting plans.