Kirit Doshi made an offer to acquire 26% stake in H.K. Trade International Limited (BSE:539337) from existing shareholders for INR 13.7 million on March 21, 2018. Kirit Doshi will acquire upto 0.69 million shares at an offer price of INR 20. The offer Price will be paid in cash. In a related transaction, Kirit Doshi entered into an agreement to acquire 51.67% stake in H.K. Trade International Limited from group of shareholders for INR 27.2 million on March 21, 2018. This offer is not conditional upon any minimum level of acceptance. As per announcement of May 24, 2018, independent directors committee recommended that the open offer is fair and reasonable. The offer period will open on May 17, 2018 and will close on May 30, 2018. As per announcement of May 23, 2018, the offer period is revised and thus is will open on May 29, 2018 and will close on June 11, 2018. Intensive Fiscal Services Private Limited acted as manager and Sharex Dynamic (India) Pvt Limited acted as registrar to the offer. K M Jain Stock Brokers Private Limited acted as a broker for Kirit Doshi.