Madhusudan Kela agreed to acquire 59.91% stake in Ikab Securities & Investment Limited (BSE:514238) from Oasis Securities Limited (BSE:512489), Linkers Enclave Pvt Ltd, Tuscon Towers Private Limited and others for INR 96.2 million on November 2, 2021. In related transaction, Madhusudan Kela signed two more different share purchase agreement to acquire 83.66% stake in totality and made an offer to acquire remaining 16.34% stake in Ikab Securities & Investment Limited for INR 28.5 million.