Bharat B. Jain entered into a share purchase agreement to acquire an additional 0.59% stake in Grandma Trading & Agencies Ltd (BSE:504369) for INR 0.8 million from K.K. Mansingka, Anuj Mansingka, V.N. Mansingka, Usha Devi Mansingka and Pankaj Mansingka on January 7, 2013. Under the terms of the transaction, Bharat B. Jain will acquire 0.02%, 0.14%, 0.13%, 0.14% and 0.16% stakes in Grandma Trading from K.K. Mansingka, Anuj Mansingka, V.N. Mansingka, Usha Devi Mansingka and Pankaj Mansingka respectively. In total Bharat B. Jain will acquire 0.08 million shares for INR 10 each.

In a related transaction, Bharat B. Jain offered to acquire 26% stake in Grandma Trading. Mayuri Thakkar and Ankur Agarwal of Comfort Securities limited acted as the financial advisors to Bharat B. Jain.