Sadhana Nitro Chem Limited (BSE:506642) agreed to acquire Strix Private Limited and Spidigo Net Private Limited on January 19, 2018. Upon completion, Strix Private Limited and Spidigo Net Private Limited will wholly owned subsidiaries of Sadhana Nitro Chem Limited. The transaction is subject to approval from shareholders of Sadhana Nitro Chem Limited, and is not subject to governmental or regulatory approvals. The transaction has been approved by the Board of Sadhana Nitro Chem Limited. As of March 20, 2018, the transaction is approved by the shareholders of Sadhana Nitro Chem Limited. As of June 26, 2019, National Company Law Tribunal (NCLT), Mumbai Bench approved the transaction. The transaction is expected to be completed within 90 working days subject to detailed due diligence. In the year ended March 31, 2018, Sadhana Nitro Chem Limited completed the acquisition of Strix Private Limited.