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La Tim Metal & Industries invests Rs 5.65 crore in La Tim Sourcing

19 Jul 2017 Evaluate

La Tim Metal & Industries has invested in the equity shares of La Tim Sourcing (India) for cash consideration of Rs 28 per share amounting to Rs 5.65 crore. The acquisition or transfer of shares was completed on July 18, 2017. With this, the company has 100% equity stake in La Tim Sourcing (India) and it has thus become a Wholly Owned Subsidiary of the company, with effect July 18, 2017.

Latim Metal And Industries was established with the vision of establishing itself as a leading dealer of metals, and so on in India.   

Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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