Niks Technology: Open Offer for 26% Stake at ₹136 Per Share

Niks Technology Limited has received a Public Announcement regarding an open offer for the acquisition of up to 23,16,964 equity shares, representing 26.00% of the expanded equity share capital. The offer price is set at ₹136 per share. This open offer is triggered by a preferential issue of equity shares and convertible warrants to the acquirers, Nilesh Jayantilal Patel, Vishal Jayantilal Patel, and Bharatkumar Pravinchandra Keshrani, and also pursuant to a Share Purchase Agreement with existing promoters. Navigant Corporate Advisors Limited has been appointed as the 'Manager to the Offer'. The total expanded equity share capital on a fully diluted basis is estimated at 89,11,400 shares.