An unknown private company signed an agreement to acquire an additional 1% stake in SMC Global Securities Ltd. from Millennium India Acquisition Company Inc. (OTCPK:SMCG) for INR 84.9 million on November 22, 2013. Millennium India Acquisition Company will sell 1.13 million shares of SMC Global Securities at INR 75 per share. The purchaser is an India based company that is an existing owner of SMC Global common stock. The purchase is expected to be completed within the next 10 days.

An unknown private company cancelled the acquisition of an additional 1% stake in SMC Global Securities Ltd. from Millennium India Acquisition Company Inc. (OTCPK:SMCG) on November 22, 2014.