Pritika Auto Industries Limited (BSE:539359) entered into Scheme of Arrangement to acquire Automotive/Tractor/Engineering Components Business Undertakings from Pritika Industries Pvt. Ltd. for INR 1.1 billion on August 13, 2021. Under the terms, 63 shares will be issued in addition to for every 10 shares. For the year ended March 31, 2021, Automotive/Tractor/Engineering Components Business generated revenue of INR 1.4 billion. Transaction is subject to approval by Stock Exchanges, Shareholders, Creditors, NCLT and other authorities. Board of Directors of Pritika Auto Industries approved the transaction.