K Sundeep Reddy and Sahil Arora entered into a share purchase agreement to acquire 75% stake in Miven Machine Tools Limited from N A Sirur Pvt. Ltd., Vikram Raghavesh Sirur and Alka Vikram Sirur for INR 11.3 million.

K Sundeep Reddy and Sahil Arora entered into a share purchase agreement to acquire 75% stake in Miven Machine Tools Limited (BSE:522036) from N A Sirur (Hubli) Pvt. Ltd., Vikram Raghavesh Sirur and Alka Vikram Sirur for INR 11.3 million on September 7, 2023. K Sundeep Reddy and Sahil Arora to acquire 22,52,600 for cash at a price of INR 5 per equity share aggregating up to INR 11.263 million.

In a related transaction, K Sundeep Reddy and Sahil Arora made an offer to acquire 25% stake in Miven Machine Tools Limited for INR 12.8 million. Saffron Capital Advisors Private Limited acted as financial advisor to K Sundeep Reddy and Sahil Arora.