T.R. Khandelwal Enterprises Private Limited agreed to acquire the remaining 50% stake in Hioki India Private Limited from Hioki E.E. Corporation (TSE:6866) for INR 23.1 million on March 18, 2016. T.R. Khandelwal Enterprises Private Limited will acquire 1 million shares of Hioki India Private Limited. HIOKI India Private Limited reported total assets of ¥122.44 million (INR 67.26 million), net assets of ¥101.35 million (INR 55.68 million), sales of ¥139.51 million (INR 76.64 million), operating profit of ¥10.74 million (INR 5.9 million) and net income of ¥29.56 million (INR 16.24 million) for the period ended December 2015.

The transaction is expected to complete on March 31, 2016. The conversions were made using www.oanda.com on December 31, 2015.