Promising Logistics Pvt. Ltd. agreed to acquire remaining 73% stake in K.M Energy Private Limited from K.M. Sugar Mills Limited (BSE:532673) for INR 7.3 million on January 3, 2018. K.M. Sugar Mills Limited will sell 0.73 million shares of K.M Energy Private Limited. K.M Energy Private Limited reported turnover of INR 40.7 million and net worth of INR 24.2 million for the year ended March 31, 2017. The transfer deed is expected to be executed on January 6, 2017 and transaction is expected to close in next 2-3 days.