Swaraj Shares and Securities Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement and Corrigendum to the Public Announcement, the Detailed Public Statement ....
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Arix Capital Limited, along with two individuals (Kajal Gopal Baldha and Punitbhai Bavanjibhai Lakkad), has revised its open offer price to ₹201 per share to acquire up to 6,57,599 equity shares (26% of voting capital) of Netlink Solutions (India) Limited from public shareholders. The total maximum consideration is approximately ₹13.22 crore, payable in cash, and includes 10% annual interest for delay in payment. The open offer was triggered because Arix Capital is acquiring 51% of Jupiter Infomedia Limited (Netlink's holding company) from existing promoters at ₹50 per share for ₹25.55 crore, which gives it indirect control over Netlink Solutions. The corrigendum updates the offer price and revises the schedule of activities, with the tendering period now expected to run until around February 10, 2026.
Public shareholders of Netlink Solutions can tender their shares at the revised price of ₹201 per share until early February 2026. The price revision and extension of timelines suggest some delay in the original open offer process, but existing shareholders retain an exit opportunity at this cash offer price.