Niks Technology: Draft Open Offer Letter Filed for 26% Stake

Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has submitted a Draft Letter of Offer to SEBI for an open offer to acquire up to 23,16,964 equity shares of Niks Technology Ltd, representing 26.00% of the expanded equity and voting share capital. The offer price is set at ₹136 per share. This open offer is being made by Mr. Nilesh Jayantilal Patel, Mr. Vishal Jayantibhai Patel, and Mr. Bharatkumar Pravinchandra Keshrani, collectively referred to as the Acquirers, pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for substantial acquisition of shares accompanied by a change in control. The minimum lot size for the offer is 300 equity shares. No statutory approvals are currently required, and this is not a competing offer.