Narender Surana and Devendra Surana made an offer to acquire remaining 25% stake in Telecom and Power Limited (BSE:517530) on June 18, 2020. Shri Narender Surana and Shri Devendra Surana will purchase 3.4 million Shares of Surana Telecom and Power, representing 25% stake. Post completion, Telecom and Power will delist its share. The transaction is subject to receipt of all necessary approvals, includes Board of Directors and shareholders of Surana Telecom and Power and Stock Exchanges, or any other authority. On August 8, 2020, Board of Directors reviewed and have been apprised by Narender Surana and Devendra Surana of the following difficulties at the present COVID 19 situation and have expressed that they are doubtful of achieving the success in the process of delisting. Both parties like to initiate the process of voluntary delisting during the month of October or November 2020. On November 11, 2020, Board of Directors reviewed and have been apprised by Narender Surana and Devendra Surana that COVID 19 situation situation is still continuing and have expressed that they are still doubtful of achieving the success in the process of delisting. Both parties like to initiate the process of voluntary delisting sometime in the future, subject to normalization of COVID 19 situation in India. Karvy Investor Services Limited acted as financial and due diligence provider to Surana Telecom and Power Limited in transaction.