Lotte Confectionery Co., Ltd (KOSE:A280360) agreed to acquire 98.57% stake in Lotte India Corporation Limited for KRW 67.7 billion on July 24, 2019. Lotte Confectionery will acquire 10.71 million shares in Lotte India Corporation. The Board of Directors of Lotte India Corporation resolved the transaction. The transaction is expected to close on August 6, 2019. As of August 6, 2019, transaction is expected to close on August 13, 2019.