India Nippon Electricals Ltds promoter entity plans to acquire not more than 30 lakh equity shares from Mahle Holding (India) Private Limited and 14,14,786 equity shares from Mahle Electric Drives Japan Corporation under Regulation 10(1)(a)(ii) read with Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.