Acquisitions6 Oct 2025, 08:32 pm
Le Lavoir Ltd to Acquire 51.00% Stake in Tech Riser Private Limited for Digital Retail Laundry Expansion
AI Summary
Le Lavoir Limited has entered into a strategic Memorandum of Understanding (MoU) with Tech Riser Private Limited to acquire a 51.00% stake in the company. The acquisition aims to develop Le Lavoir's Retail Laundry Business across India by leveraging Tech Riser's digital platform solutions, which cover order booking, tracking payments, and backend operations. This move will help Le Lavoir transition to a digital retail model. The transaction is proposed to be completed through a share swap, with Le Lavoir issuing its own shares to the promoter of Tech Riser Private Limited.
Key Highlights
- Le Lavoir to acquire 51.00% stake in Tech Riser Private Limited
- Acquisition to strengthen Le Lavoir's position in the IT sector
- Tech Riser's digital platform solutions to support Le Lavoir's retail laundry expansion
- Transaction to be completed through share swap
- Le Lavoir to issue its own shares to the promoter of Tech Riser Private Limited