Suresh Kumar Pukhraj Jain and Pranav Dangi made an offer to acquire an additional 26% stake in Alan Scott Industriess Limited (BSE:539115) for INR 4.45 million on December 20, 2019. The consideration will be paid in cash. Suresh Kumar Pukhraj Jain and Pranav Dangi will acquire 0.17 million shares at a price of INR 25 per share. In a related transaction, Suresh Kumar Pukhraj Jain signed an SPA to acquire an additional 3.5% in Alan Scott from Soketu Parikh and Concord Capitals Private Limited for INR 0.6 million. Post this acquisition, Suresh Kumar Pukhraj Jain's shareholding will reach 26.33%. He already owns 23.34% in Alan Scott. Post the completion of the offer, the shareholding will reach 52.85%. The offer will commence on February 12, 2020 and run till February 27, 2020. As of February 17, 2020, the offer will commence on March 5, 2020 and run till March 19, 2020. Last date of revising the offer price is March 4, 2020. Sarthak Vijlani of Navigant Corporate Advisors Ltd. acted as manager to the offer in the transaction. Sumeet Deshpande of Link Intime India Pvt. Ltd. acted as registrar to Alan Scott Industriess Limited. Ajay Shah of Kantilal Chhaganlal Securities Private Limited acted as stock broker for Suresh Kumar Pukhraj Jain and Pranav Dangi. Suresh Kumar Pukhraj Jain and Pranav Dangi cancelled the acquisition of an additional 26% stake in Alan Scott Industriess Limited (BSE:539115) on December 20, 2020.