Ashok Chajjer won a bid to acquire 12% stake in Arihant Technoinfra Private Limited from Arihant Superstructures Ltd. (BSE:506194) for INR 0.02 million on January 24, 2015. Under the terms of the transaction, Ashok Chajjer will acquire 1200 shares at INR 15 per share of Arihant Technoinfra Private Limited. As on January 24, 2015, the divestment committee, audit committee and Board of Directors of Arihant Superstructures Ltd. approved the transaction.