Nagpur Power and Industries Limited (BSE:532362) had accepted the preferential offer to acquire additional 6.4% stake in The Motwane Manufacturing Company Pvt. Ltd. for INR 114.7107 million on August 4, 2022. The purchase consideration for the shares acquired is INR 114.7107 million. The acquisition price per shares is INR 485.24. The turnover of the company for the financial year 2021-22, were INR 254.787 million. The Date of completion of the said allotment is within 15 days from today.