Acquisitions1 Jul 2025, 11:59 am
LE Lavoir Ltd to Acquire 51.00% Stake in Shree Vrajendra Foods Private Limited
AI Summary
LE Lavoir Limited has entered a strategic Memorandum of Understanding (MoU) with Shree Vrajendra Foods Private Limited to acquire 51.00% stake in the Company. The acquisition, amounting to a 51.00% stake in Shree Vrajendra Foods Private Limited, is subject to approval of the Shareholders and Stock Exchange. LE Lavoir Limited will issue its own shares to the Promoter of Shree Vrajendra Foods Private Limited through Swap of Shares.
Key Highlights
- LE Lavoir Ltd to acquire 51.00% stake in Shree Vrajendra Foods Private Limited
- Acquisition amounting to 51.00% stake in Shree Vrajendra Foods Private Limited
- Acquisition subject to approval of Shareholders and Stock Exchange
- LE Lavoir Limited to issue its own shares to the Promoter of Shree Vrajendra Foods Private Limited through Swap of Shares
- Shree Vrajendra Foods Private Limited engaged in Manufacturing, trading, branding, retail sales of Edible oil, food grains and other food items including import and export of all types of edible oil, food grains and food items