Hiliks Technologies Promoter Sells 3.52% Stake for ₹3.6 Cr

Hiliks Technologies Limited has announced a significant change in its promoter shareholding. M/s. Extros Developers Private Limited, a promoter holding 5,00,000 equity shares (3.52% of expanded equity), has executed a Share Purchase Agreement (SPA) to sell its entire stake to M/s. Enact Technologies Private Limited, Mr. Penumatsa Venkata Raju, and Mr. Venkata Lakshmi Narasimha Swamy Boyapati (collectively, the Acquirers). The transaction, valued at ₹72 per share, amounts to a total consideration of ₹3,60,00,000 (₹3.6 Crores). This sale includes the transfer of control and management of the company. The SPA is subject to certain conditions. Following this transaction, the Acquirers are obligated to make an Open Offer to the public shareholders of Hiliks Technologies as per SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.