Faridabad-based Richa Knits Ltd has informed that the company has acquired 49% shares of Moksh Leisure & Entertainment Pvt. Ltd, a company running its restaurant under trade name "Le Moksh".

The company reported 10% increase in net profit at Rs 1.52 crore for the quarter ended December 2007. Its sales increased by 169% to Rs 31.95 crore.

At 11:35 AM, the stock of the company was trading at Rs 74.55, down 5% compared with previous close of Rs 78.45.