Electrex International Private Limited, Electrex Power Tools Private Limited and Shobha Anant Hegde made an offer to acquire 26% stake in Sparc Systems Limited (BSE:531370) for INR 5.1 million on May 31, 2021. Electrex International Private Limited, Electrex Power Tools Private Limited and Shobha Anant Hegde made an offer to acquire 1.27 million shares at INR 4 per share payable in cash. In a related transaction, Shobha Anant Hegde, Electrex International Private Limited and Electrex Power Tools Private Limited signed a share purchase agreement to acquire 14.79% stake in Sparc Systems Limited (BSE:531370) from Epson Finance & Investment Pvt Ltd, Jude D’souza and Punit Manmohan Singh Neb for INR 2.2 million on May 31, 2021. Electrex International Private Limited, Electrex Power Tools Private Limited and Shobha Anant Hegde have made firm financial arrangements for financing the transaction. The Offer is not conditional upon any minimum level of acceptance. The transaction is subject to the receipt of statutory and regulatory approvals. Offer will open on July 22, 2021 and closes on August 4, 2021. As per revised scheduled, Offer will open on July 30, 2021 and closes on August 12, 2021. Tanmoy Banaerjee of CapitalSquare Advisors Private Limited acted as manager to Electrex International Private Limited, Electrex Power Tools Private Limited and Shobha Anant Hegde. Deepali Dhuri of Purva Sharegistry (India) Pvt. Ltd. acted as registrar for the offer.