Adventz Finance Private Limited and other promoters made an intent to acquire remaining 35.11% stake of Texmaco Infrastructure & Holdings Limited (BSE:505400) from Public shareholders for INR 2.6 billion on February 4, 2021. Under the offer, 44.73384 million shares to be acquired at a price of INR 58 per share. Adventz Finance Private Limited along with other promoter hold currently 64.89% stake in Texmaco Infrastructure and they would like to Delist the company shares post-closing of the transaction. The Board of Texmaco required to consider due diligence and other report for taking decision of delisting proposal. The transaction is subject to approval from shareholders of Texmaco Infrastructure & Holdings Limited, third party approvals and approval from Stock Exchanges. On March 2, 2021, the board of Texmaco Infrastructure & Holdings Limited will conduct a meeting to approve or reject the offer. As of March 2, 2021, the transaction was approved by the board of Texmaco Infrastructure & Holdings Limited. As of April 17, 2021, delisting proposal for delisting of Texmaco Infrastructure & Holdings Limited post completion of transaction has been approved by shareholders of Texmaco Infrastructure & Holdings Limited. Keynote Financial Services Limited (BSE:512597) acted as financial advisor to Texmaco Infrastructure & Holdings Limited.