Supershakti Metaliks Limited (BSE:541701) agreed to acquire 19.84% stake in Giridhan Metal Private Limited for INR 300 million on February 7, 2020. Consideration was paid in cash for 2.5 million equity shares at face value of INR 10 each with premium of INR 110 each. The transaction was approved by the board of directors of Supershakti Metaliks Limited and subject to due diligence and doesn't require any governmental or regulatory approval. Transaction is expected to close by March 2020. Supershakti Metaliks Limited (BSE:541701) completed the acquisition of 19.84% stake in Giridhan Metal Private Limited during the financial year ended March 31, 2020.