Transaction Summary
La Tim Metal & Industries Limited has acquired a majority stake and has been admitted as a partner in LA PROVISO BUILDCON LLP (LLPIN: ACY-8324), with effect from June 01, 2026.
Acquisition Details
- Acquired Entity: LA PROVISO BUILDCON LLP
- Ownership Stake Acquired: 50.1% through direct capital contribution
- Effective Date: June 01, 2026
- Consideration Type: Cash consideration
- Acquisition Cost: ₹50,100 (Rupees Fifty Thousand One Hundred only)
- Transaction Status: The acquisition process has been completed
Target Entity Information
- Business Activities: Development, construction, and execution of residential, commercial, and industrial park projects and complexes; acquisition and development of plots and land; undertaking construction and infrastructure activities; dealing in purchase, sale, transfer, and development of real estate properties
- Total Contribution: ₹1,00,000 (Rupees One Lakh Only)
- Turnover: Nil
- Incorporation Date: June 1, 2026
- Industry Classification: Construction and Infrastructure
Transaction Characteristics
- Related Party Transaction: Yes, the Promoter is interested in the acquisition
- Transaction Basis: Arm's length basis in accordance with applicable laws
- Government Approvals: Not required (NA)
Strategic Rationale and Impact
The object of the LLP is in line with the object of the company. The acquisition would result in further expansion of the business of our Company. Following the acquisition, LA PROVISO BUILDCON LLP has become a subsidiary of La Tim Metal & Industries Limited.