Siva Dharma Teja Yadlapalli made an offer to acquire 26% stake in Naturite Agro Products Limited (BSE:538926) for INR 28.9 million on February 3, 2023. The consideration will be paid in cash. In a related transaction, Siva Dharma Teja Yadlapalli entered into a share purchase agreement to acquire 69.05% stake for INR 73.1 million.

As of April 13, 2023, the IDC of Naturite Agro Products Limited has declared the offer fair and reasonable. The tender offer will commence on April 17, 2023, and will close on April 28, 2023. Mark Corporate Advisors Private Limited acted as a financial advisor, and Venture Capital and Corporate Investments Private Limited acted as a registrar to the offer.