Pareshkumar Vasantray Sheth made an open offer to acquire a 25% stake in Mercury Trade Links Limited (BSE:512415) from the Public Shareholders for INR 1.2 million on May 10, 2022. Under the terms, Pareshkumar Vasantray Sheth will acquire 61,875 Equity Shares, representing 25% of the Voting Share Capital of Mercury Trade at an offer price of INR 19 per share. In related transaction, Pareshkumar Vasantray Sheth entered and executed a share purchase agreement to acquire 75% stake in Mercury Trade Links Limited (BSE:512415) from Pradeep Kumar Sarda and Suvimal Properties Ltd for INR 2.8 million on May 10, 2022. The offer is not conditional upon any minimum level of acceptance. The offer is subject to receipt of requisite approvals from various statutory/regulatory authorities. The Mercury Trade will constitute a committee of independent directors , who would provide written reasoned recommendation on this offer. The offer will open on June 29, 2022 and will close on July 12, 2022. Tanmoy Banerjee of CapitalSquare Advisors Private Limited acted as manager and Deepali Dhuri of Purva Sharegistry India Private Limited acted as registrar to the open offer on behalf of Pareshkumar Vasantray Sheth.