IndiaNivesh has entered into share purchase agreement(s) (SPA) dated October 17, 2011 with various public shareholders of Jupiter Enterprises (JEL) and propose to acquire from them 29,18,400 equity shares representing 35.62% of the total paid-up capital of JEL and company will proceed to make open offer to the shareholders of JEL along with other acquirer in due course of time.
Earlier in January, the company had entered into a share purchase agreement with Vandana Cloth Centre for the sale of 1, 18, 28,030 equity share of Luminaire Technologies (LTL), which represents 49.28% of the total paid-up capital of the LTL.
IndiaNivesh is into the business of settlement or acquisition of stressed assets. INL is also registered with Reserve Bank of India (RBI) as a Non Banking Financial Company (NBFC). The company is a professionally managed company and has a very dedicated and experienced team of professionals who are competent to identify value assets.
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