Inrom Construction Industries Ltd (TASE:INRM) signed an agreement to acquire remaining 37.8% stake in Nirlat Ltd. from Kibbutz Nirim for approximately ILS 270 million on March 21, 2021. Under the transaction, Inrom will issue 16,260,000 of its shares to the kibbutzim as a part of consideration. Post issuance of shares, kibbutzim will hold a 13% stake in Inrom. Post transaction, Nirlat will become a fully owned subsidiary of Inrom. The transaction is subject to approval from The Tel Aviv Stock Exchange for the kibbutzim to hold Inrom's shares and from the Israel Tax Authority for a merger by swapping shares.