Lippi Systems: Acquirers gain 49.77% stake via SPA and Open Offer

Lippi Systems Limited has announced a significant change in its promoter group. Vinesh Shivji Dholu and associated individuals (Acquirers) have acquired a total of 49.77% of the company's equity share capital and voting rights. This includes 49.76% acquired through a Share Purchase Agreement (SPA) with the Sellers and an additional 0.01% from public shareholders via an Open Offer. The acquisition effectively transfers promoter and promoter group status from the Sellers to the Acquirers as of August 26, 2026. An additional 1.22% is in the process of being acquired.