Description

Open offer to acquire up to 26.05% voting share capital of Jupiter Infomedia Limited at ₹52 per share by Arix Capital Limited and Kajal Gopal Baldha.

Summary

Arix Capital Limited and Mrs. Kajal Gopal Baldha are making an open offer to acquire up to 26,05,200 equity shares (26% of voting share capital) of Jupiter Infomedia Limited at ₹52 per share. This mandatory offer is made pursuant to SEBI (SAST) Regulations following substantial acquisition triggering change in control and management.

Key Points

  • Offer for 26,05,200 shares representing 26% of voting share capital
  • Offer price: ₹52 per share, payable in cash
  • Unconditional offer - not subject to minimum acceptance levels
  • No differential pricing applicable
  • Not a competing offer under SEBI regulations
  • Target company: Jupiter Infomedia Limited (CIN: L22200MH2005PLC152387)

Regulatory Changes

Mandatory open offer triggered under SEBI (SAST) Regulations 3(1) and 4 due to substantial acquisition accompanied by change in control and management of the target company.

Compliance Requirements

  • Public shareholders can tender their shares during the tendering period
  • Letter of offer to be sent to all public shareholders
  • Acquirers must obtain any required statutory approvals before tendering period expiration
  • Offer price subject to upward revision if acquirers purchase shares at higher price during offer period

Important Dates

  • Last date for offer price revision: Monday, August 18, 2025 (1 working day prior to tendering period)
  • Tendering period commencement follows regulatory timeline

Impact Assessment

High impact corporate action involving change of control in Jupiter Infomedia Limited. Shareholders have opportunity to exit at ₹52 per share. The acquisition represents significant ownership consolidation and management change for the target company.

Impact Justification

Major corporate takeover affecting 26% of company's voting capital with mandatory open offer