Rajesh Gupta has entered into a Share Purchase Agreement to acquire 57.15% of stake in Dynamic Portfolio Management & Services Limited (BSE:530779) from a group of shareholders for INR 46.7 million on March 7, 2022. Rajesh Gupta will pay INR 7 per share for the acquisition of stake in Dynamic Portfolio Management. Pre transaction Rajesh Gupta holds a stake of 15.18% in Dynamic Portfolio.

In a related transaction Rajesh Gupta made an offer to acquire 26% of stake in Dynamic Portfolio Management & Services Limited. In accordance with the terms and conditions of the SPA, there will be a change in control and management of the Target Company which may have significant effect on the business,financial condition and the results of the operations of the Target Company. The agreement is subject to the compliance of provisions of the SEBI SAST Regulations and in case of non-compliance with the provisions of the SEBI SAST Regulations the SPA shall not be acted upon.

The consummation of the acquisition of the Sale Shares by the Acquirer, as envisaged under the SPA, is subject to satisfaction of all the conditions of the SPA and receipt of the statutory or regulatory approvals as set out herein.