SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh offered to acquire 37.8% stake in Shalimar Agencies Limited (BSE:539895) for INR 17 million on May 7, 2024. SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh will acquire 37.8 million shares of Shalimar Agencies at a price of INR 15.
Aarthi Consultants Private Limited acted as registrar and Finshore Management Services Limited acted as financial advisor to SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh.