Modulex Construction Technologies Limited (BSE:504273) agreed to acquire unknown minority stake in Give Vinduet Windows and Doors Private Limited for INR 210 million on November 9, 2022. Under consideration, The Board has approved to create, offer, issue and allot not more than 18,105,576 Equity Shares on preferential basis by swap against Equity Shares of Give Vinduet Windows And Doors Private Limited at the ratio of 1:1.345 considering the Price as per Valuation Report of Give Vinduet Windows And Doors, which shall not be less than the Floor Price to be determined. As of November 11, 2022, Modulex Construction to issue and allot up to 17,998,524 equity shares of each to such persons whose names shall be recorded by Modulex Construction in the manner set out in the explanatory statement and by issuing 17,998,524 each non-cash basis against 24,352,000 equity shares each of Give Vinduet Windows And Doors.

As of December 6, 2022, Modulex Construction Technologies announced to issue 17,898,746 Equity Shares for 24,217,000 Equity Shares of Give Vinduet Windows and Doors at a ratio of 1:1.353 subject to the approval of the Members of the Modulex Construction (Members) and such other approvals as may be required.