Description

Open offer by Arix Capital Limited and Kajal Gopal Baldha to acquire 26% voting share capital of Jupiter Infomedia Limited at ₹52 per share.

Summary

Arix Capital Limited and Mrs. Kajal Gopal Baldha (the Acquirers) have made an open offer to acquire up to 26,05,200 offer shares, representing 26% of the voting share capital of Jupiter Infomedia Limited, at an offer price of ₹52 per share payable in cash. This offer is made pursuant to SEBI (SAST) Regulations 2011 for substantial acquisition accompanied with change in control and management.

Key Points

  • Offer for acquisition of 26,05,200 shares (26% of voting share capital)
  • Offer price: ₹52 per share in cash
  • Acquirer 1: Arix Capital Limited (Rajkot, Gujarat)
  • Acquirer 2: Mrs. Kajal Gopal Baldha (Rajkot, Gujarat)
  • Target Company: Jupiter Infomedia Limited (CIN: L22200MH2005PLC152387)
  • Not conditional upon minimum acceptance level
  • No differential pricing
  • Not a competing offer

Regulatory Changes

This offer is made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, specifically Regulations 3(1) and 4, involving change in control and management of the target company.

Compliance Requirements

  • Public shareholders can tender their shares during the tendering period
  • No statutory approvals currently required to complete the offer
  • If future statutory approvals are needed, acquirers will make necessary applications
  • Offer price may be subject to upward revision under Regulation 18(4)

Important Dates

  • Last working day for price revision: Monday, August 18, 2025
  • Tendering period commencement follows standard SEBI timeline

Impact Assessment

This is a significant corporate action involving substantial acquisition with change in control of Jupiter Infomedia Limited. The offer represents a major ownership transfer that will impact the company’s management structure and could influence its strategic direction. Public shareholders have the opportunity to exit at the specified offer price of ₹52 per share.

Impact Justification

Major takeover offer affecting 26% of company's voting share capital with change in control