Prakash Constrowell Limited (BSE:533605) agreed to acquire 51% stake in Damani Multitrade Private Limited on June 29, 2017. The offer per share is INR 10.2 payable in cash. In a related deal, Prakash Constrowell also agreed to acquire Eklavya Shelters Private Limited on June 29, 2017. The deal is subject to due diligence. No governmental or regulatory approvals are required for the acquisition. Procedural acquisition formalities will be completed within 60 working days. Prakash Constrowell Limited (BSE:533605) cancelled the acquisition of 51% stake of Damani Multitrade Private Limited on January 13, 2018. The deal was cancelled because terms and conditions of acquisition were not met within timeframe.