Joju Madathumpady Johny, Shiny Joju and Johny Madathumpady Lonappan signed an agreement to acquire 40.1% stake in Step Two Corporation Limited (BSE:531509) from Ashok Kumar Sharma, Raj Kumar Agarwal and Sapna Agarwal for INR 13.6 million on December 4, 2019. As per terms of the agreement, a total of 1.7 million shares will be acquired in cash. The buyers will acquire 1.02 million, 0.51 million and 0.17 million shares respectively. The sellers will sell 4000, 1.7 million and 10,000 shares respectively. In a related transaction, the buyers also made a tender offer to acquire 26% in Step Two Corporation Limited for INR 13.3 million. Joju Madathumpady Johny, Shiny Joju and Johny Madathumpady Lonappan cancelled the acquisition of 40.1% stake in Step Two Corporation Limited (BSE:531509) from Ashok Kumar Sharma, Raj Kumar Agarwal and Sapna Agarwal on August 15, 2020.