Bhadra Paper Mills Limited entered into a share purchase agreement to acquire 73.55% stake in Sindu Valley Technologies Ltd. (BSE:505504) from Anand Raj Jain, Renu Anand Raj Jain, Sneha Upendra Shukla, Sunila Upendra Shukla and Upendra Chandrashankar Shukla for INR 11 million on December 1, 2020. Under the terms the offer price is 21.37 per share. Bhadra Paper Mills Limited will acquire approximately 0.515 million shares through this agreement. As per terms, Anand Raj Jain, Renu Anand Raj Jain, Sneha Upendra Shukla, Sunila Upendra Shukla and Upendra Chandrashankar Shukla will sell 6.29%, 41.67%, 0.50%, 2.92% and 22.18% stakes respectively. In a related transaction, Bhadra Paper Mills Limited made an offer to acquire 26% stake in Sindu Valley Technologies Ltd. (BSE:505504) for INR 3.9 million on December 1, 2020.