Shivalik Bimetal Controls Limited (BSE:513097) agreed to acquire remaining 50% stake in Checon Shivalik Contact Solutions Pvt Ltd. from Portwest Corporation for $1.53 million on April 12, 2022. Consideration price is based on purchase of 0.1710900 million shares for a consideration $1.538980 million, representing 50% of the of the paid up equity share capital of Checon Shivalik Contact Solution Private Limited. Checon Shivalik Contact Solutions turnover and Profit after tax for the financial year ending April-March, 2021 is $5.17433 million and $0.317228 million respectively. Completion of the transaction is scheduled on or before May 15, 2022.