VR Integrated Project Management Private Limited signed a share purchase agreement to acquire a 74.98% stake in Gayatri Tissue and Papers Limited (BSE:512479) from Tikkavarapu Indira Reddy for INR 20.2 million on June 1, 2021. Under the agreement, VR Integrated Project Management Private Limited will acquire 1.1247 million shares of Gayatri Tissue and Papers Limited from Tikkavarapu Indira Reddy. Consideration will be paid in cash. In a related transaction, VR Integrated Project Management Private Limited to make an offer to acquire 25.02% stake in Gayatri Tissue and Papers Limited for INR 10.5 million on June 1, 2021. As a part of transaction, VR Integrated Project Management Private Limited to acquire complete Control and Management of Gayatri Tissue and Papers Limited. Transaction is subject to certain conditions precedent.