Darpan Shah and Devan Pandya entered into a share purchase agreement to acquire an additional 62.09% stake in Nidhi Granites Limited (BSE:512103) from Nupur International Pvt Ltd., Anil Ratanlal Saraf, Nidhi Abhinav Aggarwal, Pushpa Rajkumar Thard and Rajkumar Manmal Thard for INR 12.1 million on November 19, 2020. Under the terms of the transaction, Darpan Shah and Devan Pandya will acquire 0.47 million shares in Nidhi Granites at INR 26 per share and will pay the consideration in cash. Prior to the transaction, Darpan Shah did not hold any stakes in Nidhi but Devan Pandya holds 0.04% stake. Upon completion, Darpan Shah will hold 30.02% stake while Devan Pandya will hold 32.11% stake. Darpan Shah entered into an open offer to acquire 26% stake in Nidhi Granites from its shareholders. Darpan Shah and Devan Pandya completed the acquisition of additional 62.09% stake in Nidhi Granites Limited (BSE:512103) from Nupur International Pvt Ltd., Anil Ratanlal Saraf, Nidhi Abhinav Aggarwal, Pushpa Rajkumar Thard and Rajkumar Manmal Thard on January 23, 2021. Vandana Pai and Ajai Achuthan of Bharucha & Partners acted as a legal advisor to Nidhi Abhinav Aggarwal for the transaction.