Indian Toners & Developers Limited (BSE:523586) agreed to acquire ABC Commercial Company Ltd on March 23, 2016. In a related transaction Indian Toners & Developers Limited (BSE:523586) agreed to acquire Alankar Securities Pvt Ltd, Triveni Securities Pvt Ltd and Mahavir Phototech Pvt Ltd. The exchange ratio for the transaction is 63 equity shares each in Indian Toners & Developers Ltd. for every 100 shares held in ABC Commercial Company Ltd. On November 3, 2016, the transaction is approved by shareholders of Indian Toners & Developers Limited. On May 9, 2017, the transaction is approved by National Company Law Tribunal of Allahabad Bench. Indian Toners & Developers Limited (BSE:523586) cancelled the acquisition of ABC Commercial Company Ltd on March 23, 2017.