South Asian Enterprises Limited (BSE:526477) agreed to acquire 60% stake in Chai Thela Pvt. Ltd. on February 12, 2020. South Asian Enterprises will acquire 7318 equity shares in aggregate constituting about 60% equity capital in Chai Thela in phased manner, subject to other approvals, if any. The Board of Directors of South Asian Enterprises, in its meeting held on February 12, 2020, has given its consent to the transaction. On March 18, 2021, South Asian Enterprises Limited has renegotiated on favorable terms with the present shareholders of Chai Thela and the Board in its meeting held today has accordingly approved the acquisition of 7359 equity shares from the present shareholders which is 60.34% of equity capital of Chai Thela. South Asian Enterprises Limited (BSE:526477) completed the acquisition of 60.34% stake in Chai Thela Pvt. Ltd. on August 23, 2021.