Vibrant Investments Limited, Sejal Ullas Shah and Rajasvee Sagar Shah made an offer to acquire 26% stake in Hipolin Limited (BSE:530853) for INR 27.7 million on June 22, 2021. As per the transaction, Vibrant Investments Limited and Rajasvee Sagar Shah made the offer to acquire 0.81 million shares at INR 34.06 per share. In a related transaction, Vibrant Investments Limited and Rajasvee Sagar Shah signed agreement to acquire 37.1% stake in Hipolin Limited from group of sellers for INR 39.53 million on June 22, 2021. The transaction is subject to regulatory approvals and statutory approvals. Offer is not conditional upon any minimum level of acceptance and this Offer is not a competing offer in terms of Regulation 20 of the SEBI. Hipolin has established a committee of independent directors consisting of Umeshchandra Prafulvadan Mehta as Chairman, Ajaybhai Ramniklal Gandhi and Nita Bharatbhai Shah as members. Committee members are of the view that Offer is fair and reasonable. The offer period will open on August 13, 2021 and will close on August 27, 2021. The tendering Period will be commences on September 20, 2021. The offer will be closed on October 1, 2021. The consideration will be paid on September 13, 2021. Settlement date of the Offer is October 14, 2021. Dilip Shah and Neha Jain of Tipsons Consultancy Services Private Limited acted as managers and financial advisor, Ashish Bhope of Bigshare Services Pvt. Ltd. acted as a registrar, Jenny Bagrecha of Monarch Networth Capital Limited acted as a broker to Vibrant, Sejal Ullas Shah and Rajasvee Sagar Shah.