Amin Tannery Limited agreed to acquire Goat Tannery Division from Super Tannery Limited (BSE:523842) in stock on June 16, 2015. Amin Tannery Limited will issue one share for each shareholders of Super Tannery and will issue total of 107.97 million shares. The transaction is subject to approval of shareholders of Super Tannery, approval be creditors, and approval of the Hon'ble Allahabad High Court or the relevant National Company Law Tribunal.

The transaction is approved by the Board of Directors of Super Tannery on June 16, 2015. The audit committee approved the transaction on January 23, 2016. The shareholders of Super Tannery approved the transaction on December 5, 2016.

As of December 27, 2017, Hon'ble National Company Law Tribunal Bench Allhabad has sanctioned the agreement. CapitalSquare Advisors Private Limited acted as financial advisor and fairness opinion provider for Super Tannery. Rajani, Singhania & Partners acted as legal advisor and M/s. Goenka and Agarwal acted as valuer for Super Tannery and will calculate the share exchange ratio.

The transaction is expected to complete on February 17, 2018.