Madhudevi Bhaveshbhai Kothari and Meena Rahul Kothari agreed to acquire 51.76% stake in Rahul Papers India (P) Ltd from GBL Industries Limited (BSE:539009) for INR 23.68 million on September 27, 2018. For the year ended March 31, 2018, Rahul Papers India (P) Ltd reported total revenue of INR 572.8 million and total common equity of INR 45.7 million. The transaction is expected to be completed on September 27, 2018. Madhudevi Bhaveshbhai Kothari and Meena Rahul Kothari cancalled the acquisition of 51.76% stake in Rahul Papers India (P) Ltd from GBL Industries Limited (BSE:539009) on September 27, 2019.