Nimit Rajesh Ghatalia, Mihir Rajesh Ghatalia, Bina Rajesh Ghatalia and Damiyanti Pranlal Ghatalia made an offer to acquire 26% stake in Worth Investment & Trading Company Limited for INR 13.6 million on January 15, 2018. The consideration is paid in cash. Under the terms of the offer, 0.85 million shares will be acquired and INR 16 is offered for each share of Worth Investment & Trading Company Limited. As of November 24, 2018, 0.85 million shares will be acquired a price of INR 21.61 per share in cash. In related transaction, Nimit Rajesh Ghatalia, Mihir Rajesh Ghatalia, Bina Rajesh Ghatalia and Damiyanti Pranlal Ghatalia entered into share purchase agreements to acquire 32.68% stake in Worth Investment & Trading Company Limited for INR 16.08 million. Nimit Rajesh Ghatalia, Mihir Rajesh Ghatalia, Bina Rajesh Ghatalia and Damiyanti Pranlal Ghatalia have adequate financial resources and have made firm financial arrangements for the financing of transaction. The committee of Independent Directors of Worth Investment & Trading Company Limited recommended to accept the offer. The tender offer period will commence from March 12, 2018 to March 23, 2018. As of November 24, 2018, the tender offer commencement period was revised to December 4, 2018 and closing of tendering period revised to December 17, 2018. Anup Kumar Sharma of VC corporate Advisors Private Limited acted as a manager of the offer for Nimit Rajesh Ghatalia, Mihir Rajesh Ghatalia, Bina Rajesh Ghatalia and Damiyanti Pranlal Ghatalia. S. Raja Gopal of Maheshwari Datamatics Private Limited acted as registrar to Nimit Rajesh Ghatalia, Mihir Rajesh Ghatalia, Bina Rajesh Ghatalia and Damiyanti Pranlal Ghatalia. JRK Stock Broking Private Limited acted as buying broker for Nimit Rajesh Ghatalia, Mihir Rajesh Ghatalia, Bina Rajesh Ghatalia and Damiyanti Pranlal Ghatalia.