Rashmikant Thakkar entered into a share purchase agreement to acquire 13.19% stake in Amrapali Fincap Limited (BSE:539265) from Amrapali Industries Limited (BSE:526241), Chirag Thakkar and Sunny Thakkar for INR 26.6 million on January 31, 2022. As per the transaction, Amrapali Industries Limited will sell 7.39% stake, Chirag Thakkar will sell 4.62% and Sunny Thakkar will sell 1.18% stake in Amrapali Fincap Limited. Rashmikant Thakkar will acquire 17,72,400 shares representing 13.19% stake for INR 15 per share.

Interactive Financial Services Limited acted as financial advisor to Rashmikant Thakkar.