Kedia Construction Company Limited agreed to acquire Kirti Investments Limited on June 18, 2024, Kedia Construction Company Limited entered into agreement to acquire Kirti Investments Limited on June 21, 2024 Kirti holds 0.298 million equity shares of Kedia representing 9.93% of the total paid up equity capital of Kedia. For every 3 shares of Kedia, Kirti will issue and allot 100 equity shares. The transaction is subject to approval of offer by acquirer shareholders, approval of offer by target shareholders, approval/consents of lenders/creditors and necessary statutory and regulatory approvals including the approval of Hon'ble National Company Law Tribunal, Mumbai Bench.

As of June 21,2024, the board of Kedia approved the transaction. Post the scheme becoming effective, Kirti Investments shall be dissolved without being wound up.