FIH Mauritius Investments Ltd. entered into share purchase agreement to acquire additional 17.9% stake in Fairchem Organics Limited (BSE:543252) for INR 1.3 billion on May 22, 2019. Under the terms of the consideration, FIH will acquire 23.3 million shares for INR 575.33 per share. The transaction will be settled in cash. In a separate transactions, FIH has made an open offer to acquire 25.94% stake in Fairchem from public shareholders and entered into another share purchase agreement to acquire 4.78% stake in Fairchem from Utkarsh Shah, Jariwala Tradelink LLP and Nahoosh Tradelink LLP. The transaction is subject to conditions including an approval of the Reserve Bank of India in relation to the concluding of the proposed acquisition at the price agreed in the agreement. RBSA Advisory Pvt. Ltd. acted as sell side valuation advisor.