Kushal Tradelink Limited (BSE:536170) agreed to acquire Riddhi Siddhi Recyclers Private Limited on January 20, 2017. As consideration, Kushal Tradelink Limited will issue 130 fully paid shares for every 100 equity shares of Riddhi Siddhi Recyclers Private Limited. As of December 31, 2016, Riddhi Siddhi Recyclers Private Limited had net worth of INR 165.05 million. The transaction is subject to approval of stock exchange as well as requisite approvals, consents, observations, clearances from the National Company Law Tribunal. The Board of Directors of Kushal Tradelink Limited has approved the transaction on May 1, 2017. Kushal Limited (BSE:536170) completed the acquisition of Riddhi Siddhi Recyclers Private Limited on February 5, 2019. National Company Law Tribunal approved the transaction.