Shreekant Somany, Abhishek Somany and Shrivatsa Somany entered into an agreement to acquire 42.37% stake in Schablona India Limited from Bhilwara Holdings Ltd and Sarvottam Vanijya Ltd for INR 18.7 million.
Shreekant Somany, Abhishek Somany and Shrivatsa Somany entered into an agreement to acquire 42.37% stake in Schablona India Limited (BSE:507894) from Bhilwara Holdings Ltd and Sarvottam Vanijya Ltd for INR 18.7 million on November 24, 2017. The consideration will be paid in cash. Post completion Shreekant Somany will hold 32.34% stake, Abhishek Somany and Shrivatsa Somany each will hold 18.68 % stake in Schablona India Limited. In a related transaction Shreekant Somany, Abhishek Somany and Shrivatsa Somany made an offer to acquire 26% stake in Schablona India Limited.