BLP Equity Research (P) Limited, Dinesh Pareekh and Sangeeta Pareekh signed a share purchase agreement to acquire a 23.43% stake in Anisha Impex Limited (BSE:537785) from Sunil Kumar Malik for INR 42.3 million on January 11, 2018. the buyers will acquire 3.8 million shares at INR 11 per share. Under the terms of the agreement, BLP Equity Research (P) Limited will acquire 2.4 million shares, representing 14.3% stake while Sangeeta Pareekh and Dinesh Pareek will acquire the additional 4.32 million and 0.7 million shares, representing 6.09% and 3.04% stake, respectively. In a related transaction, BLP Equity Research (P) Limited made an offer to acquire 26% stake in Anisha Impex Limited (BSE:537785) for INR 55.5 million. Post completion of share purchase agreement, Sangeeta Pareekh, BLP Equity Research (P) Limited and Dinesh Pareekh will hold 4.32 million, 2.4 million and 0.7 million shares, representing 26.29%, 14.30% and 4.26% stake of Anisha Impex Limited respectively while Sunil Kumar Malik will hold no stake in Anisha Impex Limited. In the event the acquirers fail to comply with the applicable provisions of the Takeover Code relating to the Public Offer, the agreement shall stand terminated and shall be null and void. As of June 25, 2018, Board of Directors of Anisha Impex Limited approved the transaction unanimously.