Revathi Equipment Limited (BSE:505368) agreed to acquire Renaissance Advanced Consultancy Limited and Renaissance Stocks Ltd for INR 1 billion on June 30, 2020. As part of the consideration, Revathi Equipment Limited will issue 0.457 million shares for Renaissance Stocks Ltd, 2.26 million shares for Renaissance Stocks Ltd. In a related transaction, Revathi Equipment Limited agreed to acquire remaining 15.42% stake in Semac Consultants Private Limited on June 30, 2020. The transaction is subject to requisite statutory and regulatory approvals including approval of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, Securities and Exchange Board of India, the National Company Law Tribunal and various statutory approvals, including those from the shareholders, as may be required or applicable, involved in the scheme. The Board of Directors of Revathi Equipment Limited approved the transaction on June 30, 2020. As on December 4, 2020, the meeting of the board of directors of Revathi Equipment Limited will be held on December 12, 2020, to consider and approve withdrawal of Scheme of Arrangement. Revathi Equipment Limited (BSE:505368) cancelled the acquisition of Renaissance Advanced Consultancy Limited and Renaissance Stocks on December 12, 2020.