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.