Manish Kapoor and Rakesh Kapoor signed a share purchase agreement to acquire 22.35% stake in Sri Amarnath Finance Limited (BSE:538863) from Sunshine Capital Limited, Surendra Kumar Jain, Virendra Jain, Babita Jain and Priti Jain for INR 15.7 million in cash on October 15, 2015. Manish Kapoor and Rakesh Kapoor will acquire 1.11 million shares each for INR 7.05 per share. Manish Kapoor and Rakesh Kapoor will acquire 2.2 million shares from Sunshine Capital Limited, Surendra Kumar Jain, Virendra Jain, Babita Jain and Priti Jain.

Sunshine Capital will sell 1.48 million shares, Surendra Kumar Jain will sell 0.18 million shares, Virendra Jain will sell 0.2 million shares, Babita Jain will sell 0.18 million shares and Priti Jain will sell 0.19 million shares in Sri Amarnath Finance. In a related deal, Manish Kapoor and Rakesh Kapoor made an offer to acquire 26% stake in Sri Amarnath Finance Limited for INR 75.2 million in cash on October 15, 2015.