Asahi India Glass Limited (BSE:515030), Padmini VNA Mechatronics Pvt. Ltd., Kapil Kapoor and Rahul Mokkerjee entered into share purchase agreement to acquire Timex Group Precision Engineering Limited from Timex Group USA, Inc. on November 30, 2017. The consideration shall be payable in cash. As of March 31, 2017, Timex Group Precision Engineering Limited has reported revenues of INR 581.3 million. The transaction is expected to complete in March 2018. Ernst & Young acted as financial advisor for Timex Group. Asahi India Glass Limited (BSE:515030), Padmini VNA Mechatronics Pvt. Ltd., Kapil Kapoor and Rahul Mokkerjee completed the acquisition of Timex Group Precision Engineering Limited from Timex Group USA, Inc. on March 6, 2018.