Patel Ghanshyambhai N and Patel Pareshbhai Nanjibhai entered into Share Purchase Agreement to acquire 58.36% stake in Parsharti Investment Limited (BSE:511702) from a group of sellers for INR 13.7 million on December 17, 2021. The consideration will be payable Not later than 7 working days from the expiry of 21 working days from the date of issuance of the Detailed Public Statement in accordance or Such other date as may be mutually agreed in writing between the Acquirers and the Sellers in good faith. As a result of this agreement Patel Ghanshyambhai N and Patel Pareshbhai Nanjibhai are obliged to launch a mandatory tender offer. Post completion of SPA and offer Patel Ghanshyambhai N and Patel Pareshbhai Nanjibhai will hold 84.36% stake in Parsharti Investment Limited Patel Ghanshyambhai N and Patel Pareshbhai Nanjibhai proposed to continue the existing business of Parsharti Investment.