Tarini International Limited (BSE:538496) entered into an agreement to acquire 51% stake in HPWE GmbH for €0.4 million on August 13, 2015. This acquisition is subject to the approval of shareholders and all statutory clearances as applicable. As on September 30, 2015, the shareholders of Tarini unanimously approved the transaction. Tarini International Limited (BSE:538496) cancelled the acquisition of 51% stake in HPWE GmbH on August 13, 2016.