Niks Technology promoters sell 46.22% stake; control to change, open offer triggered
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Niks Technology promoters (6 sellers) have signed a Share Purchase Agreement to sell their entire 2,31,100 shares (46.22% stake) to three new acquirers at Rs 136 per share, totaling about Rs 3.14 crore. The deal includes transfer of control. After completion, existing promoters will resign from the board and be reclassified as public shareholders, while acquirers become new promoters. An open offer to public shareholders is required under SEBI takeover rules.
Change of control at the company. Open offer to public shareholders expected. Existing promoters exit, new management takes over.