Mumbai-based Vyapar Industries has informed that its Board of Directors has approved increasing its present stake in Rassai Properties & Industries to 49% for Rs 29.50 crore. Rassai Properties & Industries is a company in which the promoters of Vyapar Industries have a controlling stake. Rassai Properties has land at Faridapur, Andhra Pradesh which is approved by the government for setting up a special economic zone. Vyapar Industries, Ltd. engages in the manufacture and distribution of embroidery thread primarily in India. It serves manufacturing industries consuming embroidery, yarns, threads, fabrics, and other accessories. The company exports its products to the Far East, the Middle East, Europe, and the United States.