Ashok Kumar Jain agreed to acquire an unknown majority stake in Minfy Technologies Private Limited from Mahaveer Infoway Limited (BSE:539383) on January 12, 2019. After the transaction, Mahaveer lnfoway Limited will hold no stake in Minfy Technologies Private Limited. The transaction is subject to approval of shareholders of Mahaveer lnfoway Limited in a meeting to be held on February 15, 2019. The Board of Directors of Mahaveer lnfoway Limited approved the transaction on January 12, 2019.