Acquisitions2 Jun 2026, 06:02 pm
La Tim Metal Acquires 50.1% Stake in La Proviso Buildcon
AI Summary
La Tim Metal & Industries Limited has acquired a majority stake of 50.1% in La Proviso Buildcon LLP, effective June 01, 2026. This acquisition, made through direct capital contribution for Rs. 50,100 out of a total capital of Rs. 1,00,000, makes La Proviso Buildcon LLP a subsidiary of La Tim Metal. The acquired LLP is involved in the construction and infrastructure sector, including real estate development. This move is expected to facilitate the expansion of La Tim Metal's business operations.
Key Highlights
- La Tim Metal acquired 50.1% stake in La Proviso Buildcon LLP.
- La Proviso Buildcon LLP is now a subsidiary of La Tim Metal.
- Acquisition cost was Rs. 50,100 for a 50.1% stake.
- The acquired entity operates in the construction and infrastructure sector.
- This acquisition aims to expand La Tim Metal's business.
Price Impact
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