Mythily Thanghavel, Pandamangalam Ramasamy Srinivisan, and sadaiappan Gopalsamy made an offer to acquire 26% stake in Hi-Klass Trading and Investment Limited (BSE:542332) for INR 9.2 million on February 8, 2023. The offer per share is INR 5.7. The consideration will be paid in cash. The acquirers will fund the acquisition with their own resources.

In a related transaction, Mythily Thanghavel, Pandamangalam Ramasamy Srinivisan, and sadaiappan Gopalsamy entered into a share purchase agreement to acquire 28.6% stake in Hi-Klass Trading and Investment Limited (BSE:542332) from Sanjay Kumar Jain, and Suman Jain. The offer will commence from April 6, 2023 ,and will close on April 21, 2023. Mark Corporate advisors acted as the manager to the offer.

Purva Sharegistry (India) Private Limited acted as the registrar to the offer.