Surnil Trading Pvt. Ltd intent to acquire 77.77% stake in Vrata Tech Solutions Private Limited from Mafatlal Industries Limited (BSE:500264) for INR 40.7 million on June 16, 2022. Mafatlal Industries shall enter into purchase agreement with Surnil Trading Pvt.

Ltd. within next 45 to 60 days. The transaction is approved by the board of Mafatlal Industries on June 16, 2022. The Proposed Transaction will be completed sale/disposal within 4 to 6 weeks of post execution of the purchase agreement.