Mahendra V. Doshi made an offer to acquire remaining 36.38% stake in LKP Finance Limited (BSE:507912) on December 1, 2020. Mahendra Doshi intends to acquire all 4.57 million shares held by public shareholders. LKP Finance will delist post completion of transaction. On December 4, 2020, Board of LKP Finance has approved the transaction. The transaction is subject to shareholder approval of LKP Finance, receipt of the necessary approvals from BSE or any other regulatory and/ or statutory approvals and minimum number of 3equity shares constituting 26.38% stake being tendered. The voting period of Postal Ballot for delisting of shares shall commences on December 24, 2020 and ends January 22, 2021. The period during which the shareholders may tender their shares in the reverse book-building process shall commence from March 5, 2021 to March 12, 2021. Deepak Biyani of Aryaman Financial Services Limited (BSE:530245) acted as manger and N. Surreash of Adroit Corporate Services Private Limited acted as registrar to Mahendra V. Doshi. Mahendra V. Doshi cancelled the acquisition of the remaining 36.38% stake in LKP Finance Limited (BSE:507912) on March 15, 2021. Mahendra V. Doshi decided not to accept the discovered price of INR 140 per Equity Share, determined pursuant to the book building process and as also confirmed by the Registrar. Further, it has also been decided not to make any counter offer in terms of Regulation 16(1A) of the Delisting Regulations. All shares tendered in the Delisting Offer shall be returned/ released to the respective investors/ public shareholders by Clearing Corporation (ICCL) on March 16, 2021 on best effort basis.