Kushal Tradelink Limited (BSE:536170) agreed to acquire Ashapura Paper Mills Pvt Ltd, Kushal Infrastructure Pvt Ltd and Kushal Wealth Creators Pvt Ltd on January 5, 2017. As consideration, Kushal Tradelink Limited will issue 149 fully paid shares for every 100 equity shares of Ashapura Paper Mills Pvt Ltd, 395 fully paid shares for every 100 equity shares of Kushal Infrastructure Pvt Ltd and 185 fully paid shares for every 100 equity shares of Kushal Wealth Creators Pvt Ltd. As on December 31, 2016, Ashapura Paper Mills Pvt Ltd, Kushal Infrastructure Pvt Ltd and Kushal Wealth Creators Pvt Ltd had net worth of INR 126.91 million, INR 12.88 million and INR 62.81 million respectively. The transaction is subject to requisite statutory and regulatory approvals and was approved by the Board of Kushal Tradelink Limited on January 5, 2017. Kushal Limited (BSE:536170) completed the acquisition of Ashapura Paper Mills Pvt Ltd, Kushal Infrastructure Pvt Ltd and Kushal Wealth Creators Pvt Ltd on February 5, 2019. NCLT approved this deal on February 5, 2019