Kapil Jeetendra Kothari, Poojan Keyurbhai Mehta, Prit Keyurbhai Mehta and Tarang Devendrakumar Shah entered into a Share Purchase Agreement to acquire 60.2% stake in Joy Realty Limited (BSE:508929) from group of shareholders for INR 39 million on February 9, 2023. Under the terms of transaction, Buyers agree to acquire 1.4 million shares of Joy at price of INR 27 per share. In related transaction, Kapil Jeetendra Kothari, Poojan Keyurbhai Mehta, Prit Keyurbhai Mehta and Tarang Devendrakumar Shah made an offer to acquire 26% stake in Joy Realty Limited for INR16.8 million on February 9, 2023. After completion of this Offer and consummation of the Share Purchase Agreement, the Seller does not hold any Equity Shares and voting share capital in Joy Realty. Kunvarji Finstock Private Limited acted as financial advisor to Kapil Jeetendra Kothari, Poojan Keyurbhai Mehta, Prit Keyurbhai Mehta and Tarang Devendrakumar Shah.

Kapil Jeetendra Kothari, Poojan Keyurbhai Mehta, Prit Keyurbhai Mehta and Tarang Devendrakumar Shah completed the acquisition of 60.2% stake in Joy Realty Limited (BSE:508929) from group of shareholders on February 9, 2023