Mumbai, Nov. 19 -- The consideration for the acquisition of the aforementioned stake will be payable in cash.

Accordingly, a share subscription has been executed between the company, FSP Design, Messrs. Falguni Shane Peacock, Shane Jude Peacock, Hemen Rashmi Vimadalal and Siddharth Bharat Gandhi.

The company has also executed a shareholders' agreement with FSP Design, Falguni Shane Peacock and Shane Jude Peacock.

Further, the company also has the right to acquire an additional 10% of the total issued and paid-up share capital of FSP Design, within 18 to 24 months from the completion of the proposed transaction.

FSP Design is engaged in the business of designing, manufacturing, marketing, sale and distribution of apparel and accessori...