Micro Logistics India Private Limited entered into share purchase agreement to acquire 53.9% stake in Integra Telecommunication & Software Limited (BSE:536868) from Rashmee Agarwal, C.L. Agarwal, Nikhil Agarwal and Ratika Agarwal for INR 32.4 million on January 23, 2019. Micro Logistics India Private Limited will acquire 5.7 million shares at an offer per share of INR 5.69. Rashmee Agarwal, C.L. Agarwal, Nikhil Agarwal and Ratika Agarwal will sell 40.91% stake, 7.17% stake, 2.95% stake and 2.89% stake respectively. Rashmee Agarwal, Nikhil Agarwal and Ratika Agarwal will cease to own any stake after completion of the transaction. C.L. Agarwal will continue to own 8.52% stake in Integra Telecommunication & Software. The transaction triggered an open offer wherein Micro Logistics India Private Limited made an offer to acquire 26% stake in Integra Telecommunication & Software Limited. The transaction is not subject to statutory approvals. Micro Logistics India Private Limited completed the acquisition of 53.9% stake in Integra Telecommunication & Software Limited (BSE:536868) from Rashmee Agarwal, C.L. Agarwal, Nikhil Agarwal and Ratika Agarwal on November 4, 2019. Post completion, Rashmee Agarwal, Nikhil Agarwal and Ratika Agarwal does not hold any stake after completion of the transaction. C.L. Agarwal continue to own 8.52% stake in Integra Telecommunication & Software.