Acquisitions1 Mar 2024, 01:09 am
Last Mile Enterprises Ltd to Acquire 50.50% Stake in Damson Technologies Pvt Ltd
AI Summary
Last Mile Enterprises Limited is acquiring 50.50% stake in Damson Technologies Private Limited, a company engaged in the business of mobile accessories, electronic products, and gadgets. The acquisition is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.,
Key Highlights
- Acquisition of 50.50% stake in Damson Technologies Private Limited
- Shift in manufacturing to India for cost benefits
- Increase in turnover due to Atma Nirbhar Bharat focus