Jupiter Infomedia Limited (BSE:534623) and Jineshvar Securities Private Limited Information made an offer to acquire 26% stake in Netlink Solutions (India) Limited (BSE:509040) for INR 11.2 million on March 4, 2021. As per terms of transaction, Jupiter Infomedia Limited and Jineshvar Securities Private Limited Information will acquire 0.6576 million stakes at INR 17 for each share. In a related transaction, Jupiter Infomedia Limited and Jineshvar Securities Private Limited Information entered into share purchase agreement to acquire 57.11% stake in Netlink Solutions (India) Limited for INR 24.5 million on March 4, 2021. The acquisition will be financed through internal resources and no funds are borrowed from banks or financial institution for the purpose of this Open Offer.

The offer is not conditional on any minimum level of acceptance. This Offer is subject to the receipt of any statutory and other approvals as mentioned under Letter of Offer. The acceptance of the Offer must be unconditional and should be in the manner prescribed herein. As on June 22, 2021, the offer will begin on July 1, 2021 and will end on July 14, 2021. the consideration will be paid by July 29, 2021.The offer is expected to close on May 18, 2021. Purva Sharegistry (India) Pvt. Ltd. acted as registrar and Aryaman Financial Services Limited acted as manager of the offer for Jupiter Infomedia Limited and Jineshvar Securities Private Limited Information.

Jupiter Infomedia Limited (BSE:534623) and Jineshvar Securities Private Limited completed the acquisition of 26% stake in Netlink Solutions (India) Limited (BSE:509040) on September 3, 2021.