Sunil Hukumat Rajdev made an offer to acquire 26% stake in ETT Limited (BSE:537707) for INR 94.3 million on January 23, 2023. In a related transaction, Sunil Hukumat Rajdev entered into share purchase agreement to acquire 26.04% stake for INR 94.5 million. Fintellectual Corporate Advisors Private Limited acted as a manager to the offer. As of February 6, 2023. The Draft Letter of Offer submitted to SEBI for its observations. The date of opening offer is scheduled on March 17, 2023. e Tendering Period for the Open Offer is expected to commence on Friday, March 17, 2023 and close on Monday, April 03, 2023. As of April 28, 2023. Offer closing date will be from May 9, 2023 to May 22, 2023. Skyline Financial Services Private Limited acted as registrar for Sunil Hukumat Rajdev. IDC Members believe that the Offer is fair and reasonable. Amit Puri of Fintellectual Corporate Advisors Private Limited acted as financial advisor to Sunil Hukumat Rajdev.

Sunil Hukumat Rajdev completed the acquisition of additional 1.35% stake in ETT Limited (BSE:537707) on May 22, 2023.