Quebec Tech Solutions Private Limited entered into an agreement to acquire 40.14% stake in Shalimar Agencies Limited (BSE:539895) from Arun Kumar Bhangadia, Arvind Kumar Bhangadia, and Anil Kumar Bhangadia for INR 14.5 million on August 27, 2018. Under the terms of the transaction, Quebec Tech Solutions Private Limited will acquire 1.2 million shares at INR 12 per share. Arun Kumar Bhangadia, Arvind Kumar Bhangadia, and Anil Kumar Bhangadia will transfer 31.81%, 5%, and 3.33% stake respectively. In a related deal, Quebec Tech Solutions Private Limited made an offer to acquire 26% stake in Shalimar Agencies Limited (BSE:539895) for INR 9.4 million on August 27, 2018. The transaction is subject to certain conditions and statutory approval if required.