Kuldip Singh Rathee and Vijay Rathee entered into a share purchase agreement to acquire 69.2% stake in Som Datt Finance Corporation Limited (BSE:511571) from a group of sellers for approximately INR 100 million on May 11, 2019. The group of sellers includes Usha Datt, Latika Datt Abbott, Anuradha Datt Munjal, Charu Datt Bhatia, Sadhana Singh, Anjali Anand, Som Datt Enterprises Ltd, Som Datt Power Ltd. and Som Datt Investments And Finance Co. Pvt. Ltd. Kuldip Singh Rathee and Vijay Rathee will acquire 6.92 million shares of Som Datt Finance Corporation Limited at a cash price of INR 14.70 per share. In a related transaction, Kuldip Singh Rathee and Vijay Rathee made an offer to acquire 26% stake in Som Datt Finance Corporation Limited (BSE:511571) for INR 38.3 million on May 11, 2019. The transaction is subject to approval from Reserve Bank of India and / or any direction from Securities Exchange Board of India. Kuldip Singh Rathee and Vijay Rathee completed the acquisition of 69.2% stake in Som Datt Finance Corporation Limited (BSE:511571) from a group of sellers on January 27, 2020.