Champalal Gopiram Agarwal and Sumit Champalal Agarwal entered into share purchase agreement to acquire 56% stake in Kayel Securities Limited from group of sellers for INR 21 million on September 21, 2018. Champalal Gopiram Agarwal and Sumit Champalal Agarwal will acquire 0.84 milion shares (28% stake) each at INR 12.50 per share in cash. In related transaction, Champalal Gopiram Agarwal and Sumit Champalal Agarwal made an offer to acquire 26% stake in in Kayel Securities Limited for INR 9.8 million on September 21, 2018. Champalal Gopiram Agarwal and Sumit Champalal Agarwal completed the acquisition of 56% stake in Kayel Securities Limited from group of sellers on January 7, 2019.