Vishal Kothari, Sagar Kothari, sheetal Bhutra and Visagar Financial Services Limited (BSE:531025) agreed to acquire additional 51% stake in Carari Impex Private Limited from Satra Properties (India) Limited (BSE:508996) for INR 0.2 million on August 14, 2019. Vishal Kothari, Sagar Kothari, sheetal Bhutra and Visagar Financial Services Limited (BSE:531025) entered into an to acquire additional 51% stake in Carari Impex Private Limited from Satra Properties (India) Limited (BSE:508996) on October 16, 2019. Upon completion, Satra Property Developers Private Limited will cease to be a subsidiary of Carari Impex Private Limited. For the year ended March 31, 2019, Carari Impex Private Limited generated the revenue of INR 0.848 million and net worth of INR 6.394 million. The transaction is subject to shareholders of Satra Properties (India) Limited. The transaction has been approved by the Board of Directors of Satra Properties (India) Limited. The is expected to be completed on October 16, 2019.

Vishal Kothari, Sagar Kothari, sheetal Bhutra and Visagar Financial Services Limited (BSE:531025) completed the acquisition of additional 51% stake in Carari Impex Private Limited from Satra Properties (India) Limited (BSE:508996) on October 16, 2019. The transaction has been approved by shareholders of Satra Properties (India) Limited.