Suresh Atluri, Surinder Kumar Tikoo, Parthasarathi Bhattacharya, Sailaja Mannepalli and Srinivasa Rao Paturi entered into a share purchase agreement to acquire 12.9% stake in Grandeur Products Limited (BSE:539235) from Visweswara Rao K and Jayaramaprasad Munnangi for approximately INR 120 million on January 10, 2019. Under the terms, the buyers will acquire a total of 2.9 million shares and pay the consideration in cash wherein Suresh Atluri will acquire additional 1.3 million shares, Surinder Kumar Tikoo will acquire 0.23 million shares, Parthasarathi Bhattacharya will acquire 1 million shares, Sailaja Mannepalli will acquire additional 0.4 million shares and Srinivasa Rao Paturi will acquire 0.005 million shares. Post-transaction, shareholding of Suresh Atluri will increase from 4.48% to 10.11% and Sailaja Mannepalli's from 3.33% to 5.12% while Visweswara Rao K's will decrease from 8.99% to 0.04% and Jayaramaprasad Munnangi's will decrease from 4.88% to 0.90%. In a related transaction, Suresh Atluri, Surinder Kumar Tikoo, Parthasarathi Bhattacharya and Satish Kumar Tondapu made an offer to acquire a 26% stake in Grandeur Products Limited for approximately INR 230 million. As of May 23, 2019, the buyers acquired 22.85 million shares representing 10.24% stake in Grandeur Products Limited from the sellers. Suresh Atluri, Surinder Kumar Tikoo, Parthasarathi Bhattacharya, Sailaja Mannepalli and Srinivasa Rao Paturi completed the acquisition of 12.9% stake in Grandeur Products Limited (BSE:539235) from Visweswara Rao K and Jayaramaprasad Munnangi on June 1, 2019.