Hiliks: Open Offer for 26% stake at ₹72/share

Navigant Corporate Advisors Ltd has announced an open offer for Hiliks Technologies Limited on behalf of Acquirers Enact Technologies Private Limited, Penumatsa Venkata Raju, and Boyapati Venkata Lakshmi Narasimha Swamy, along with PACs. The offer is for up to 36,92,000 equity shares, representing 26.00% of the expanded equity and voting share capital, at a price of ₹72 per fully paid-up equity share. This open offer is triggered by a Share Purchase Agreement dated October 05, 2026, which will result in the Acquirers gaining control of Hiliks Technologies. Prior to the SPA, the Acquirers and PACs held 17.88% (fully paid-up) and 22.06% (fully diluted), which will increase to 25.59% after the SPA.