Krishan Kumar Aggarwal and Nitin Aggarwal made an offer to acquire a 26% stake in Fruition Venture Limited (BSE:538568) from its shareholders for INR 13.52 million on September 14, 2022. Krishan Kumar Aggarwal and Nitin Aggarwal will acquire 1.04 million shares at INR 13 each. In a subsequent transaction, Krishan Kumar Aggarwal and Nitin Aggarwal have signed a share purchase agreement to acquire a 49.6% stake in Fruition Venture Limited. The tender offer will commence on November 3, 2022, and close on November 17, 2022. D & A Financial Services (P) Limited acted as a financial advisor to Krishan Kumar Aggarwal and Nitin Aggarwal. RCMC Share Registry (P) LTD.

Krishan Kumar Aggarwal and Nitin Aggarwal cancelled the acquisition of 26% stake in Fruition Venture Limited (BSE:538568) from its shareholders on November 17, 2022.