Ashwani Kumar Singh signed an agreement to acquire 72.7% stake in Centerac Technologies Limited (BSE:531621) from a group of sellers for INR 8 million on January 22, 2018. As per the terms of the transaction, Ashwani Kumar Singh will acquire 80.2 million shares by paying consideration in cash. In a related transaction, Ashwani Kumar Singh made an offer to acquire additional 26% stake in Centerac Technologies Limited at an offer price of INR 1 per share.