SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh entered into Share Purchase Agreement to acquire 62.2% stake in Shalimar Agencies Limited (BSE:539895) from IT Trailblazers Resources Private Limited for INR 28 million on May 7, 2024. SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh will acquire 1.9 million shares at a price of INR 15. Along with SPA, the buyers will also undertake tender offer and Preferential Issue simultaneously.