Hiliks Technologies: Open Offer Draft Letter of Offer Submitted

Navigant Corporate Advisors Ltd, acting as the Manager to the Offer, has submitted a Draft Letter of Offer to the BSE for the equity shareholders of Hiliks Technologies Ltd. This document pertains to an open offer made by M/s. Enact Technologies Private Limited, Penumatsa Venkata Raju, and Boyapati Venkata Lakshmi Narasimha Swamy, along with Persons Acting in Concert (PACs), to acquire up to 36,92,000 equity shares, representing 26.00% of the expanded equity share capital. The offer price is set at ₹72 per share. This substantial acquisition is being made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and involves a change in control. No statutory approvals are currently required for this offer, and it is not a competing offer.