Kirit Doshi entered into a share purchase agreement to acquire 51.67% stake in H.K. Trade International Limited (BSE:539337) from Knowell Enterprises Pvt. Ltd. and others for INR 27.2 million on March 21, 2018. The consideration will be paid in cash. Kirit Doshi will acquire 1.36 million shares from Knowell Enterprises Pvt. Ltd., Reema Naresh Shah, Mahesh Indulal Mehta, Chintan Mahesh Mehta, Daksha Mahesh Mehta, Mahesh I Mehta HUF and Jatin Kantilal Shah. In a related transaction, Kirit Doshi made an offer to acquire 26% stake in H.K. Trade International Limited from existing shareholders on March 21, 2018. As of July 20, 2018, Kirit Doshi completed the acquisition of 22.98% stake in H.K. Trade International Limited. As of July 23, 2018, Kirit Doshi completed the additional 7.6% stake in H.K. Trade International Limited.