Shree Rani Sati Investment and Finance Limited, Sarat Leasing & Finance Ltd. and F Pudumjee Investment Company Private Limited made an offer to acquire remaining 9.4% stake in Modern India Limited (BSE:503015) for approximately INR 160 million on June 9, 2021. Shree Rani Sati Investment and Finance Limited, Sarat Leasing & Finance Ltd. and F Pudumjee Investment Company Private Limited made the offer to acquire shares at INR 46.5 per share. The offer period will commence from June 14, 2021 to June 13, 2022. Shashank Pisat of KEYNOTE FINANCIAL SERVICES LIMITED acted as manager to offer while Michael Monteiro of Satellite Corporate Services Private Limited acted as registrar to offer.