Sarvesh Agrawal and Chirayu Agrawal made an offer to acquire 30% stake in J. Taparia Projects Limited (BSE:538539) from the existing public shareholders for INR 29.2 million on March 23, 2023. As reported, the offerors will acquire up to 48,60,000 equity shares in J. Taparia Projects Limited, at an offer price of INR 6 per share. The Committee of independent directors of J. Taparia Projects Limited have opined that the offer price is fair and reasonable. The consideration will be satisfied in cash. Bonanza Portfolio Limited acted as manager to the offer. Bonanza Portfolio Limited acted as manager to the offer and Purva Sharegistry (India) Pvt. Ltd. acted as registrar for J. Taparia Projects Limited. The offer period will commence on June 13, 2023 and will close on June 26, 2023.

Sarvesh Agrawal and Chirayu Agrawal completed the acquisition of 29.65% stake in J. Taparia Projects Limited (BSE:538539) from the existing public shareholders for INR 28.8 million on June 26, 2023.