PankajKumar Ranchhoddas Ruparel, Vishal Ruparel, Ruparel Shyam Pankajbhai and Ruparel PankajKumar Ranchhoddas signed a share purchase agreement to acquire 72.54% stake in Mehta Housing Finance Limited from group of shareholders for INR 20.1 million.

PankajKumar Ranchhoddas Ruparel, Vishal Ruparel, Ruparel Shyam Pankajbhai and Ruparel PankajKumar Ranchhoddas ("Acquirers") signed a share purchase agreement to acquire 72.54% stake in Mehta Housing Finance Limited from group of shareholders for INR 20.1 million on November 5, 2020. In a related transaction, Acquirers made an offer to acquire 26% stake in Mehta Housing Finance Limited for INR 8 million. Under the terms of transaction, Acquirers will purchase 2.235 million shares at a price of INR 9 per share.

Post-completion, PankajKumar Ranchhoddas Ruparel will own 18.14% stake, Vishal Ruparel will own 18.13% stake, Ruparel Shyam Pankajbhai will own 18.13% stake and Ruparel PankajKumar Ranchhoddas will own 18.14% stake in Mehta Housing Finance Limited. The selling promoter shareholders include Bhavna D. Mehta, Darshan V. Mehta, Darshan Mehta, Chirag Mehta, Vishwesh Mehta, Darshan Vasantlal Mehta, Mehta Integrated Finance Ltd and Mehta Securities Ltd.