Modern India Limited (BSE:503015) acquired remaining 24% stake in Verifacts Services Private Limited from Swapan Bhadra for INR 15 million on October 25, 2018. Under the terms of the transaction, Modern India Limited agreed to acquire 0.12 million shares of Verifacts Services Private Limited for INR 125 per share. The consideration is to be paid in cash. Post completion Verifacts Services Private Limited will become a wholly owned subsidiary of Modern India Limited. Verifacts Services Private Limited repoeted a turnover of INR 188.98 million for the period ended on March 31, 2018. Modern India Limited (BSE:503015) completed the acquisition of remaining 24% stake in Verifacts Services Private Limited from Swapan Bhadra on October 25, 2018.