Neeraj Gupta, Director on the board of Krishna Ventures Limited, Gaurav Jindal, Mansi Goyal, Arti Gupta, Freshplate Agro Foods Private Limited and Ashva Energy Private Limited entered into a share purchase agreement to acquire a 74.63% stake in Krishna Ventures Limited (BSE:504392) from a group of shareholders for INR 92.7 million on December 18, 2021. As a part of transaction, acquirers will acquire 8.06 million shares of Krishna Ventures at a price of INR 11.5 per share in cash. Under the transaction, Vijay Shrigopal Khetan will sell 0.69% stake, Kernel Tech Networks Pvt.

Ltd. will sell 61.85% stake, Anuj Vijay Khetan will sell 2.62% stake, Anushree Devesh Gupta will sell 3.7% stake, Meena Khetan will sell 3.17% stake, Vijay Khetan HUF will sell 1.2% stake and Devesh Gupta Family Trust will sell 1.39% stake. In a related transaction, Neeraj Gupta, Gaurav Jindal, Mansi Goyal, Arti Gupta, Freshplate Agro Foods Private Limited and Ashva Energy Private Limited made an offer to acquire 25.37% stake in Krishna Ventures Limited for INR 31.5 million on December 18, 2021. Acquirers shall have right to reconstitute board of directors of Krishna Ventures and appoint their own representatives/directors after the completion.