SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh offered to acquire 37.8% stake in Shalimar Agencies Limited (BSE:539895) for INR 17 million on May 7, 2024. SPICE Lounge LLP, Mohan Babu Karjela, and Venugopal Naidu Kongarla Venkatesh will acquire 37.8 million shares of Shalimar Agencies at a price of INR 15.