Rajendra Naniwadekar agreed to acquire 60.08% of stake in i Power Solutions India Limited (BSE:512405) from Venugopalan Parandhaman, Vasumathy Parandhaman and Ravichandra Babu Damodaran for INR 8.9 million on April 11, 2022. After the transaction Rajendra Naniwadekar will hold a stake of 60.88%.