Le Lavoir Ltd Acquires 64.5% Stake in Ghantiram Foods, Expanding Hospitality Services Portfolio

Le Lavoir Ltd, a service provider to India’s leading hotel chains, has acquired a 64.5% stake in Ghantiram Foods Private Limited, a manufacturer and trader of packaged food items. This acquisition aligns with Le Lavoir’s existing businesses, which serve clients in the hospitality sector. The company plans to invest ₹ 10 crore in Ghantiram Foods Private Limited in capex along with the requisite working capital over the next 2 years. Le Lavoir is already raising capital for this expansion and other strategic initiatives via a preferential allotment of warrants to investors. The company is set to expand its operations to various cities over the next two years.