Jupiter Infomedia Ltd — Updates, 01-01-1970: Company Update

Arix Capital Limited and Mrs. Kajal Gopal Baldha have launched a mandatory open offer for Jupiter Infomedia Limited. They aim to acquire up to 26.00% of the company's voting capital at ₹52.00 per share, totaling up to ₹13.55 crore. This follows their acquisition of a 51.00% stake from the existing promoters for ₹25.55 crore, leading to a change in control. Post-offer, the acquirers will hold 77.22% and plan to ensure compliance with minimum public shareholding norms. They intend to continue current business operations and may explore diversification. A separate open offer is also being made for Jupiter Infomedia's subsidiary, Netlink Solutions India Limited, at ₹186.00 per share for a 26.00% stake.