Onelife Capital Advisors Limited (BSE:533632) made an offer to acquire 26% stake in Continental Controls Limited (BSE:531460) for INR 6.39 million on March 6, 2024. Under the terms, 1.6 million shares shall be acquired at INR 4 per share in cash. In a related transaction, Onelife Capital Advisors Limited (BSE:533632) agreed to acquire 24.56% stake in Continental Controls Limited (BSE:531460) from Navin G Thakkar, Sarojben N Thakkar, Samir Navinbhai Thakkar and Shree Krishna Controls Private Limited.

Onelife will finance the transaction from its own sources. A committee of independent directors shall be established. The transaction was approved by the Board of Directors of Onelife Capital.

Tender offer period will be from May 3, 2024 till May 16, 2024. Pankita Patel and Tanmoy Banerjee of Swaraj Shares and Securities Private Limited acted as financial advisor while Deepali Dhuri of Purva Sharegistry (India) Pvt. Ltd. acted as registrar for Onelife Capital Advisors Limited.