Avadhesh Kumar Gola and Roop Kishore Gola made an offer to acquire 26% stake in Vitesse Agro Limited for INR 33.1 million on March 20, 2019. Avadhesh Kumar Gola and Roop Kishore Gola will acquire 2.5 million shares at INR 13 per share. The consideration will be paid in cash. This transaction is not conditional upon any minimum level of acceptance or the receipt of statutory approval. The tender offer will run from May 16, 2019 to May 29, 2019. As of May 23, 2019, offer period has been extended to June 12, 2019. Ramakrishna Iyengar and Menka Jha of Finshore Management Services Limited acted as managers to the offer for Avadhesh Kumar Gola and Roop Kishore Gola. Subhash Dhingreja of Skyline Financial Services acted as registrar to the offer. Avadhesh Kumar Gola and Roop Kishore Gola completed the acquisition of 7.19% stake in Vitesse Agro Limited for INR 9.1 million on June 12, 2019. Tender offer closed and accepted for 0.7 million shares of Vitesse Agro Limited at INR 13 per share.