Annjana Dugar and Likhitta Dugar entered into a share purchase agreement to acquire a 27.69% stake in Iykot Hitech Toolroom Limited (BSE : 522245) from group of sellers for INR 12.6 million on July 12, 2022. The acquirers will acquire 1,684,580 shares, representing approximately 27.69% stake for cash price of INR 7.50 per share. In a related transaction, Annjana Dugar and Likhitta Dugar made an offer to acquire a 26% stake in Iykot Hitech Toolroom Limited for INR 11.9 million. Upon completion of SPA, Annjana Dugar will own 15,16,122 shares, representing 24.92% stake and Likhitta Dugar will own 1,68,458 shares, representing 2.77% stake in Iykot Hitech Toolroom. Upon completion of the SPA and offer, assuming full acceptances in the offer, the acquirers will hold aggregate of 32,66,420 shares, representing 53.69% stake of Iykot Hitech Toolroom.