G. Rikhab Chand, R. Prakash Chand, R.Vinodh Kumar, R. Suresh Kumar, P. Kamlesh, P. Vikash, V.Vishal, S. Hitesh, P. Chandrakala, V. Santhoes Kumari, S. Latha Kumari and K. Nikita entered into a share purchase agreement to acquire 22.42% stake in RCL Retail Limited (BSE:534708) from RCL Enterprises Private Limited, Nitesh Lodha, Shreyans Lodha, Shobha Lodha and Nitha Lodha for INR 27.9 million in cash on September 13, 2013. The buyers agreed to acquire 2.79 million shares of RCL Retail. R. Suresh Kumar already holds 0.02 million shares in RCL Retail. RCL Enterprises will sell 0.01 million shares, Nitesh Lodha will sell 1.3 million shares, Shreyans Lodha will sell 1.2 million shares, Shobha Lodha will sell 0.23 million shares and Nitha Lodha will sell 0.09 million shares of RCL Retail. In a related transaction, G. Rikhab Chand, R. Prakash Chand, R.Vinodh Kumar, R. Suresh Kumar, P. Kamlesh, P. Vikash, V.Vishal, S. Hitesh, P. Chandrakal, V. Santhoes Kumari, S. Latha kumarai and Mrs. K. Nikita made an offer to acquire 26% stake in RCL Retail Limited (BSE:534708) for INR 51.2 million in cash on September 13, 2013.

G. Rikhab Chand, R. Prakash Chand, R.Vinodh Kumar, R. Suresh Kumar, P. Kamlesh, P. Vikash, V.Vishal, S. Hitesh, P. Chandrakala, V. Santhoes Kumari, S. Latha Kumari and K. Nikita completed the acquisition of 22.42% stake in RCL Retail Limited (BSE:534708) from RCL Enterprises Private Limited, Nitesh Lodha, Shreyans Lodha, Shobha Lodha and Nitha Lodha on January 3, 2014.