Vakrangee Limited (BSE:511431) agreed to acquire 18.5% stake in Vortex Engineering Private Limited from Tata Capital Innovations Fund and Tata Capital Private Equity for INR 70.3 million on June 3, 2024. The consideration consists of INR 70.30 million in cash. Vortex Engineering Private Limited reported revenue of INR 490.2 million for FY2023.

The transaction is expected to be completed within 30 days.