Dhampure Speciality Sugars Limited (BSE:531923) entered into an agreement to acquire a 80% stake in Nostalgic Foods Retail Private Limited for INR 16.1 million on December 16, 2020. Under the term, Dhampure Speciality Sugars Limited will acquire 1.61 million share of Nostalgic Foods at INR 10 per share. The cash consideration will be paid in three steps, first payment of INR 0.08 million will be paid on December 26, 2020, second payment of INR 12 million within 30 days of the transaction and third payment of INR 4 million will be paid within 30 days when Nostalgic Foods reach a gross sale of INR 9 million. As of March 31, 2020, Nostalgic Foods reported turnover of INR 91.25 million and negative net worth of INR 9.29 million.