Devanand Vishal Curtorcar entered into a share purchase agreement to acquire an additional 14.15% stake in Kashiram Jain and Company Limited (BSE:539533) from Jay Shanker Gupta, Sunanda Agarwal, Badri Prasad Singhania, Savitri Sultania, Gita Gupta and Chandra Rekha Gupta for INR 1.5 million on August 9, 2019. As per terms of transaction, Devanand Vishal Curtorcar will acquire 0.15 million shares at INR 10 per share in cash. In the transaction, Jay Shanker Gupta will sell 44,400 shares; Sunanda Agarwal will sell 24,600 shares; Badri Prasad Singhania will sell 20,000 shares, Savitri Sultania will sell 20,000 shares; Gita Gupta will sell 20,600 shares and Chandra Rekha Gupta will sell 20,400 shares. In a related transaction, Devanand Vishal Curtorcar made an offer to acquire an additional 26% stake in Kashiram Jain and Company Limited for INR 8.3 million on August 8, 2019. Post completion of share purchase agreement, Devanand Vishal Curtorcar will increase his stake in Kashiram Jain and Company Limited from 23.58% to 37.73% whereas all sellers' stake in Kashiram Jain and Company Limited will be reduced to 0%. Upon completion, Devanand Vishal Curtorcar shall have a right to reconstitute the Board of Directors and appoint his own representative/Directors as Directors/Chairman of Kashiram Jain and Company Limited. The transaction is subject to the applicable provisions of SEBI (SAST) Regulations. Devanand Vishal Curtorcar cancelled the share purchase agreement to acquire an additional 14.15% stake in Kashiram Jain and Company Limited (BSE:539533) from Jay Shanker Gupta, Sunanda Agarwal, Badri Prasad Singhania, Savitri Sultania, Gita Gupta and Chandra Rekha Gupta on August 9, 2020.