Ashokkumar Raghuram Thakker, Chairman and Managing Director of Art Nirman Limited sent a Letter of offer to acquire an additional 26% stake in Art Nirman Limited (NSEI:ARTNIRMAN) for approximately INR 140 million on December 31, 2020. Under the terms, Ashokkumar will pay INR 22 for each share. Ashokkumar have adequate internal resources to meet the financial requirements of the Open Offer. Post transaction, Ashokkumar Raghuram Thakker will hold 99.65% stake in Art Nirman Limited. Transaction is not subject to any statutory approvals. Offer is not subject to minimum tender. Offer period will run from February 22, 2021 to March 5, 2021. Sumeet Deshpande of Link Intime India Pvt. Ltd acted as registrar and Anil Bhargava of Hem Securities Limited acted as manager to offer. Ashokkumar Raghuram Thakker, Chairman and Managing Director of Art Nirman Limited completed the acquisition of an additional 0.1% stake in Art Nirman Limited (NSEI:ARTNIRMAN) for INR 0.53 million on March 5, 2021. Under the transaction, 24,000 shares of Art Nirman Limited were tendered. Post transaction, Ashokkumar Raghuram Thakker holds 73.75% stake in Art Nirman Limited.