Shripal Sanghvi, Sarika Sanghvi, Shripal Sanghvi HUF and Mahipal Sanghvi HUF acquired 23.84% stake in RCL Retail Limited (BSE:534708) from a group of shareholders for INR 29.4 million on April 10, 2017. The consideration is paid in cash. Under the terms, Shripal Sanghvi, Sarika Sanghvi, Shripal Sanghvi HUF and Mahipal Sanghvi HUF acquire 2.96 million equity shares at INR 10 per share. In related transaction, Shripal Sanghvi, Sarika Sanghvi, Shripal Sanghvi HUF and Mahipal Sanghvi HUF made an offer to acquire 26% stake in RCL Retail Limited (BSE:534708) for INR 32 million on April 10, 2017. Group of shareholders comprises of Latha kumari, Chandra kala, Santhoes Kumari, V. vishal, S. Hitesh and Nikita sells 0.89% stake (0.11 million shares) each, R vinodh kumar sell 1.10% stake (0.14 million shares), G. Rikhab Chand sell 2.52% stake (0.31 million shares), R. suresh Kumar sell 3.23% stake (0.4 million shares), P. vikash sell 3.33% stake (0.41 million shares), R Prakash Chand sell 4.14% stake (0.51 million shares), P. kamlesh sell 4.16% stake (0.51 million shares). GRETEX CORPORATE SERVICES PRIVATE LIMITED acted as Financial advisor for Shripal Sanghvi, Sarika Sanghvi, Shripal Sanghvi HUF and Mahipal Sanghvi HUF. CAMEO CORPORATE SERVICES LIMITED acted as Registrar for Shripal Sanghvi, Sarika Sanghvi, Shripal Sanghvi HUF and Mahipal Sanghvi HUF. Shripal Sanghvi, Sarika Sanghvi, Shripal Sanghvi HUF and Mahipal Sanghvi HUF completed the acquisition of 23.84% stake in RCL Retail Limited (BSE:534708) from a group of shareholders on April 10, 2017.