Karbhari Pandurang Dhatrak, Jayashree Karbhari Dhatrak and Chetan Karbhari Dhatrak proposed to acquire 26% stake in Inertia Steel Limited for INR 56.1 million.
The transaction is subject to approval by the regulatory board/committee and approval of the merger agreement by the target board. The deal has been approved by the board. Navigant Corporate Advisors Limited (BSE:539521) acted as financial advisor to Karbhari Pandurang Dhatrak, Jayashree Karbhari Dhatrak and Chetan Karbhari Dhatrak. ADROIT CORPORATE SERVICES PRIVATE LIMITED acted as registrar to the offerors.