Eastern Treads Limited (BSE:531346) agreed to acquire 55% stake in Shipnext Solutions Private Limited for INR 0.26 million on November 9, 2018. A total of 1.41 million shares will be acquired for INR 0.18 per share as part of the deal. Board of Eastern Treads Limited approved the deal on the same date. Eastern Treads Limited (BSE:531346) completed the acquisition of 55% stake in Shipnext Solutions Private Limited on November 12, 2018