Rahul Jain, Madhuri Jain, Nikhil Jain, Namit Jain, Rohit Jain, Anshumala Jain, Mughda Jain, VK Global Digital Private Limited and VK Global Publications Private Limited made an offer to acquire 34.156483% stake in SPS International Limited (BSE:530177) for INR 11 million on February 18, 2022. In related transaction, Rahul Jain, Madhuri Jain, Nikhil Jain, Namit Jain, Rohit Jain, Anshumala Jain, Mughda Jain, VK Global Digital Private Limited And VK Global Publications Private Limited entered into share purchase agreement to acquire 43.9% stake of the pre-issue paid-up equity share capital of SPS International Limited. As per the transaction, Rahul Jain, Madhuri Jain, Nikhil Jain, Namit Jain, Rohit Jain, Anshumala Jain, Mughda Jain, VK Global Digital Private Limited And VK Global Publications Private Limited will acquire 11,01,854 shares representing 26% of expanded share capital after taking into account all increases in equity shares and 34.156483% stake of current share capital. The Acquirers have adequate resources and have made firm financial arrangements for financing the transaction. The Offer is not subject to any minimum level of acceptances. The completion of Offer is subject to the approval of Reserve Bank of India and receipt of statutory and other approvals. Offer will open on April 18, 2022 and will close on April 29, 2022. As of April 6, 2022, offer period has been extended to May 27, 2022.

Manoj Kumar and Ruchika Sharma of Corporate Professionals Capital Private Limited acted as financial advisor to Rahul Jain, Madhuri Jain, Nikhil Jain, Namit Jain, Rohit Jain, Anshumala Jain, Mughda Jain, VK Global Digital Private Limited and VK Global Publications Private Limited. . Punit Kumar Mittal of Beetal Financial & Computer Services Private Limited acted as registrar to Rahul Jain, Madhuri Jain, Nikhil Jain, Namit Jain, Rohit Jain, Anshumala Jain, Mughda Jain, VK Global Digital Private Limited and VK Global Publications Private Limited.

Rahul Jain, Madhuri Jain, Nikhil Jain, Namit Jain, Rohit Jain, Anshumala Jain, Mughda Jain, VK Global Digital Private Limited and VK Global Publications Private Limited completed the acquisition of 0.01% stake in SPS International Limited (BSE:530177) for INR 0.004 million on May 27, 2022.