Niks Technology Promoters Sell 46.22% Stake for ₹3.14 Cr

Niks Technology Limited announced that its promoters and promoter group have executed a Share Purchase Agreement (SPA) to sell an aggregate of 2,31,100 equity shares, representing 46.22% of the company's paid-up equity share capital. The transaction involves the sale of these shares at Rs. 136/- per share, totaling Rs. 3,14,29,600/-. The sale includes the transfer of control and management of the company to the acquirers: Mr. Nilesh Jayantilal Patel, Mr. Vishal Jayantibhai Patel, and Mr. Bharatkumar Pravinchandra Keshrani. The transaction is subject to conditions outlined in the SPA, and the acquirers are obligated to make an Open Offer to public shareholders as per SEBI regulations.