Sudhir Pd. Sahu, Manish Kumar Sahu, Yogesh Kumar Sahu, Gyan Prakash Sahu, Krishna Devi, Rakhi Sahu, Binita Sahu and Ekta Sahu made a proposal to acquire additional 25.7% stake in Baba Agro Food Limited (NSEI:BABAFOOD) for INR 240 million on August 8, 2020. Buyers will acquire 3.4 million shares of Baba Agro Food Limited at an offer per share of INR 70. The transaction is subject to approval by the shareholders and Board of Baba Agro Food. The Board of Baba Agro Food approved the transaction on September 7, 2020. Narnolia Financial Advisors Limited acted as financial advisor for Baba Agro Food.