Murzash Sohrab Mankeshana entered into a share purchase agreement to acquire 57.12% stake in Dalal Street Investments Limited (BSE:501148) from Sanwarmal Pavankumar, Rita Pavankumar, SM Sheti Seva Pvt Ltd and Resham Resha Pvt Ltd for INR 18.9 million on September 7, 2018. Under the terms, Murzash Sohrab Mankeshana will acquire 0.2 million shares in Dalal Street Investments Limited at INR 105 per share in cash. Murzash Sohrab Mankeshana will acquire 0.17%, 0.42% 28.76% and 27.77% stake from Sanwarmal Pavankumar, Rita Pavankumar, Resham Resha Pvt Ltd and SM Sheti Seva Pvt Ltd respectively. In a related transaction Murzash Sohrab Mankeshana made an offer to acquire 26% stake in Dalal Street Investments Limited. Post completion, Murzash Sohrab Mankeshana shall become the promoter and Sanwarmal Pavankumar, Rita Pavankumar, Resham Resha Pvt Ltd and SM Sheti Seva Pvt Ltd will cease to be the promoters of Dalal Street Investments Limited. The transaction is subject to approval from Reserve Bank of India. Murzash Sohrab Mankeshana completed the acquisition of 57.12% stake in Dalal Street Investments Limited (BSE:501148) from Sanwarmal Pavankumar, Rita Pavankumar, SM Sheti Seva Pvt Ltd and Resham Resha Pvt Ltd on January 15, 2019.