Mayank J. Shah entered into share purchase agreement to acquire 51% stake in Satra Buildcon Private Limited from Satra Properties (India) Limited (BSE:508996) for INR 50 million on January 3, 2019. Post-acquisition, Satra Buildcon Private Limited will cease to be the subsidiary of Satra Properties (India) Limited. As of March 31, 2018, Satra Buildcon Private Limited has reported net worth (total common equity) of INR 309.25 million and turnover of INR 166.1 million. The completion is subject to certain conditions and regulatory approvals. The shareholders of Satra Properties (India) Limited has approved the transaction. As of January 25, 2019, the transaction got terminated due to the disputes between the parties. Mayank J. Shah completed the acquisition of 51% stake in Satra Buildcon Private Limited from Satra Properties (India) Limited (BSE:508996) on August 8, 2019. As of August 8, 2019, the disputes among the parties have been settled and Satra Buildcon Private Limited ceased to be the subsidiary of Satra Properties (India) Limited (BSE:508996).