Hiliks Technologies: LOI for 4.65% stake sale/acquisition

Hiliks Technologies Ltd has announced the execution of a non-binding Letter of Intent (LOI) for the proposed sale/acquisition of 4.65% of its equity share capital. Extros Developers Private Limited, a promoter, is the proposed seller, and Enact Technologies Private Limited, Mr. Penumatsa Venkata Raju, and Mr. Venkata Lakshmi Narasimha Swamy Boyapati are the proposed acquirers. The transaction involves 5,00,000 equity shares. The consideration will be in cash and is subject to due diligence, definitive agreements, and regulatory compliance, including SEBI SAST Regulations. The completion timeline is to be determined.