K Sundeep Reddy and Sahil Arora made an offer to acquire 25% stake in Miven Machine Tools Limited (BSE:522036) for INR 12.8 million on September 7, 2023. K Sundeep Reddy and Sahil Arora to acquire up to 0.75 million shares for cash at a price of INR 17.08 per equity share aggregating up to INR 12.83 million. In a related transaction, K Sundeep Reddy and Sahil Arora entered into a share purchase agreement to acquire 75% stake in Miven Machine Tools Limited from N A Sirur (Hubli) Pvt.

Ltd., Vikram Raghavesh Sirur and Alka Vikram Sirur. The offer period shall commence from November 20, 2023 and will close on December 4, 2023. Saffron Capital Advisors Private Limited acted as financial advisor to K Sundeep Reddy and Sahil Arora.

Skyline Financial Services Private Limited acted as registrar to Miven Machine.