Umesh Vasantlal Modi Acquires Shares in Jupiter Infomedia Ltd: A Significant Move in the Indian Stock Market

The Exchange has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Umesh Vasantlal Modi. The disclosure includes the acquisition of shares carrying voting rights in Jupiter Infomedia Ltd, also known as chom Limited. The acquisition was made in accordance with a Share Purchase Agreement (SPA) dated April 09, 2025. The total equity share capital of the company before the acquisition was Rs 10.02,00,000 divided into 1,00,20,000 equity shares of Rs 10 each. Post-acquisition, the total equity share capital of the company stands at Rs 10.02,00,000 divided into 1,00,20,000 equity shares of Rs 10 each. This acquisition is expected to dilute the share/voting capital of the TC after the acquisition/sale.