Revathi Equipment Limited (BSE:505368) agreed to acquire remaining 15.42% stake in Semac Consultants Private Limited on June 30, 2020. As consideration, 0.61 shares of Revathi Equipment Limited will be issued for each share of Semac Consultants Private Limited. Prior to the transaction, Revathi Equipment Limited holds 84.58% stake in Semac Consultants Private Limited. In related transactions, Revathi Equipment Limited will acquire Renaissance Stocks Limited and Renaissance Advanced Consultancy Limited. Semac Consultants reported total assets of INR 709.82 million, turnover of INR 598.18 million and profit after tax of INR 28.46 million as of March 31, 2020. The transaction is subject to requisite statutory and regulatory approvals including approval of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, Securities and Exchange Board of India, the National Company Law Tribunal and various statutory approvals, including those from the shareholders, as may be required or applicable, involved in the scheme. The Board of Directors of Revathi Equipment Limited approved the transaction on June 30, 2020. Revathi Equipment Limited (BSE:505368) cancelled the acquisition of remaining 15.42% stake in Semac Consultants Private Limited on December 12, 2020.