Niks Technology: Open Offer for 26% stake at ₹136 per share

Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has announced a public announcement for an open offer to acquire up to 23,16,964 equity shares of Niks Technology Limited. This represents 26.00% of the expanded equity and voting share capital. The offer price is set at ₹136 per share. The open offer is triggered by a board approval for preferential issue of equity shares and convertible warrants to the acquirers, and a share purchase agreement with existing promoters. The total expanded equity share capital on a fully diluted basis will be 89,11,400 shares.