Aum Saw Pipes & Industries Private Limited entered into a share purchase agreement to acquire 19.59% stake in Greenearth Resources and Projects Ltd (BSE:533016) from Anarcon Resources Pvt Ltd, Shri Hanuman Investments Pvt Ltd, Rishiraj Agarwal, Lalita Agrawal and Sangeeta Agarwal for INR 28.4 million in cash on September 29, 2012. Aum Saw Pipes will acquire 56.9 million shares of Greenearth Resources offering INR 0.50 per share. Aum Saw Pipes will acquire 10.03% stake from Anarcon Resources, 6.56% stake from Shri Hanuman Investments, 2.95% stake from Rishiraj Agarwal, 0.01% stake from Lalita Agrawal and 0.03% stake from Sangeeta Agarwal.

In a related transaction, Aum Saw Pipes & Industries Private Limited made an offer to acquire 26% stake in Greenearth Resources and Projects Ltd (BSE:533016) from shareholders for INR 90.6 million. As of January 30, 2013, the date for completion of the transaction has been revised from January 2, 2013 to March 7, 2013.