Kamlesh Bhanushali, Sankool A. Shah and Anand Gurnani entered into a share purchase agreement to acquire an additional 51.06% stake in Rabha Plastics Ltd. (BSE: 531712) from a group of sellers for INR 11.1 million in cash on September 5, 2011. The acquirers will pay 10% of the consideration on signing of the agreement, the second tranche being 40% of the consideration will be paid in September 2011 and the third tranche being 40% of the consideration will be paid in October 2011. The remaining amount being 10% of the consideration will be paid in November 2011. Amritaben Gada will sell 2.24% stake, Anita Gada will sell 5.57% stake, Ksharma Malde will sell 3.84% stake and Raga Cafe Private Limited will sell 3.67% stake in Rabha Plastics to Anand Gurnani at a price per share of INR 4. Bharat Gada will sell 0.66% stake, Bhanuben Shah will sell 8.41% stake, Geeta Gada will sell 5.03% stake, Ksharma Malde will sell 6.32% stake in Rabha Plastics to Kamlesh Bhanushali at a price per share of INR 4. Sushilaben Shah will sell 6.11% stake, Virchand Gada will sell 2.93% stake, Ksharma Malde will sell 2.62% stake and Ratish Tagde will sell 3.67% stake in Rabha Plastics to Sankool A. Shah at a price per share of INR 4. Kamlesh Bhanushali, Sankool A. Shah and Anand Gurnani already had 5.74%, 4.3% and 4.3% stake in Rabha Plastics respectively. The sale and purchase of the shares shall be completed after expiry of current lock in period of October 31, 2011 or after conclusion of the offer, whichever is later. Kamlesh Bhanushali, Sankool A. Shah and Anand Gurnani completed the acquisition of an additional 51.06% stake in Rabha Plastics Ltd. (BSE: 531712) from a group of sellers on January 28, 2012.