Udayan Mandavia, Kedar Mehta and Hitesh Joshi, Chief Executive Officer of Interactive Financial Services Limited, entered into share purchase agreement to acquire 21.21% stake in Interactive Financial Services Limited (BSE:539692) from consortium of sellers for INR 5.1 million on June 9, 2016. Under the terms, acquirers will acquire 0.64 million shares of Interactive Financial Services Limited at INR 8 per share. Udayan Mandavia will acquire 0.46 million shares and hold a total 1.18 shares on closing. Kedar Mehta and Hitesh Joshi will acquire 0.15 million and 0.037 million shares respectively. In a related transaction, Udayan Mandavia, Kedar Mehta and Hitesh Josh, Chief Executive Officer of Interactive Financial Services Limited, made an offer to acquire 26% stake in Interactive Financial Services Limited (BSE:539692) for INR 6.28 million. Udayan Mandavia, Kedar Mehta and Hitesh Joshi, Chief Executive Officer of Interactive Financial Services Limited, completed the acquisition of 21.21% stake in Interactive Financial Services Limited (BSE:539692) from consortium of sellers on September 23, 2016. Post-transaction, the acquiring consortium holds 45.11% stake in Interactive Financial Services Limited.