Anupam Gupta and Abhay Narain Gupta entered into share purchase agreement to acquire 5.12% stake in Ind Renewable Energy Limited (BSE:536709) from Jitendra Kantilal Vakhariaon for INR 1.3 million January 29, 2020. In related transaction, Anupam Gupta and Abhay Narain Gupta made an offer to acquire 26.1% stake in Ind Renewable Energy Limited (BSE:536709). As per the agreement, Anupam Gupta and Abhay Narain Gupta will acquire 0.1 million shares at INR 8.5 per share. The consideration will be paid in cash. Upon the completion of agreement Anupam Gupta and Abhay Narain Gupta will hold 2.56% stake each in Ind Renewable Energy Limited.Upon the completion of agreement and tender offer, Anupam Gupta and Abhay Narain Gupta will hold 31.22% stake in Ind Renewable Energy Limited.