Corporate Professionals Capital Private Limited is managing to acquire a significant stake in Advik Capital Limited (ACL), the company said in a regulatory filing on May 18th.
According to the company filing, Corporate professionals managed to buy 5,72,50,253 equity shares with a face value of Rs 1 each at a price of Rs 4.15 apiece amounting to Rs 23,75,88,550.
The deal aggregates to 26 per cent paid up equity share capital of the company. The offer price will be paid in cash, in accordance with the provisions of Regulation of the SEBI (SAST) Regulations.

The filing also clarified that the purchase has been made on behalf of Vikas Garg and Seema Garg (termed as Acquirers); and Sukriti Garg (person acting in concert or ‘PAC’).