Rajendra Prasad Gupta, Akash Gupta and Vikash Gupta made an offer to acquire an additional 26% stake in Bloom Industries Limited (BSE:513422) for INR 5.8 million on August 23, 2017. Under the terms, Rajendra Prasad Gupta, Akash Gupta and Vikash Gupta will acquire 1.22 million shares at INR 4.75 per share in cash. In a related transaction, Rajendra Prasad Gupta, Akash Gupta and Vikash Gupta entered into an agreement to acquire an additional 59.99% stake in Bloom Industries Limited from Kamal Kumar Chaudhary, Kamal Kumar Chaudhary HUF and Alka Manish Narsaria for INR 10.6 million on August 23, 2017. Upon completion, of the offer and share purchase agreement, Rajendra Prasad Gupta, Akash Gupta and Vikash Gupta together will hold 98.22% stake in Bloom Industries Limited. On December 19, 2017, the terms of the deal has been revised. Under the revised terms, Rajendra Prasad Gupta, Akash Gupta and Vikash Gupta made an offer to acquire an additional 26% stake in Bloom Industries Limited (BSE:513422) for INR 15.7 million. Under the terms, Akash Gupta and Vikash Gupta will acquire 1.22 million shares at INR 12.81 per share in cash. As of August 31, 2017, detailed public announcement for the offer has been filled. As of October 11, 2017, a meeting of the Board of Directors of Bloom Industries Limited will be held on October 14, 2017 to constitute a committee of independent Directors to give recommendation to the shareholders’ on the offer. The offer is not subject to minimum level of acceptance. The offer opens on October 17, 2017 and closes on November 1, 2017. As per revised terms on December 19, 2017, the offer opens on December 20, 2017 and closes on January 3, 2018. The Board of Directors of Bloom Industries Limited approved the constitution of committee of Independent Directors to give recommendation to public shareholders on offer. Rajesh Kumar Nagori is Chairman of committee. Rohan Menon of PL Capital Markets Private Limited acted as a manager to the offer on behalf of Rajendra Prasad Gupta, Akash Gupta and Vikash Gupta. Prabhudas Lilladher Private Limited acted as broker for Rajendra Prasad Gupta, Akash Gupta and Vikash Gupta. Purva Sharegistry (India) Private Limited acted as registrar to Bloom Industries Limited. Rajendra Prasad Gupta, Akash Gupta and Vikash Gupta completed the acquisition of an additional 1.01% stake in Bloom Industries Limited (BSE:513422) for INR 0.61 million on January 3, 2018. A total of 0.05 million shares which comprise of 1.01% stake in Bloom Industries Limited were tendered in the tender offer.