Acquisitions9 Apr 2025, 08:43 pm
Arix Capital and Mrs. Kajal Gopal Baldha Announce Open Offer for Acquiring 26.00% Stake in Jupiter Infomedia Ltd
AI Summary
Arix Capital Limited and Mrs. Kajal Gopal Baldha have announced an open offer to acquire up to 26,035,000 shares, representing 26.00% of Jupiter Infomedia Ltd's voting share capital, from public shareholders. The offer price is 50.00/- per share, payable in cash, with a maximum consideration of INR 13,02.60,000.00. The offer is in compliance with the SEBI (SAST) Regulations and is triggered by the execution of a Share Purchase Agreement with the selling promoter shareholders.
Key Highlights
- Arix Capital and Mrs. Kajal Gopal Baldha announce open offer for 26.00% stake in Jupiter Infomedia Ltd.
- Offer price is 50.00/- per share, with a maximum consideration of INR 13,02.60,000.00.
- Offer triggered by the execution of a Share Purchase Agreement with the selling promoter shareholders.
- Acquirers to assume control of the Target Company upon completion of the offer.
- Selling promoter shareholders to cease to be part of the promoter and promoter group of the Target Company.