Manaksia Industries Limited (BSE:539043) agreed to acquire Jiwanjyoti Vanijya Private Limited and Glitter Agencies Private Limited on January 7, 2017. Jiwanjyoti Vanijya Private Limited and Glitter Agencies Private Limited will be acquired from the existing shareholders at book value on all cash basis. Manaksia Industries will acquire 4.9 million shares each of Jiwanjyoti Vanijya Private Limited and Glitter Agencies Private Limited, representing 100% stake in both. Jiwanjyoti Vanijya Private Limited and Glitter Agencies Private Limited reported net worth of INR 48.8 million individually as on March 31, 2016. The transaction has been unanimously approved by the Board of Directors of Manaksia Industries. Manaksia Industries Limited (BSE:539043) completed the acquisition of Jiwanjyoti Vanijya Private Limited and Glitter Agencies Private Limited on January 20, 2017.