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Balmer Lawrie gets nod to acquire stake in Rchobbytech, Kanpur Flowercycling

30 May 2018 Evaluate

Balmer Lawrie & Company has received an approval for the acquisition of 10% equity share of Rchobbytech Solutions out of which 2% would be transferred to Indian Institute of Management - Calcutta Innovation Park for providing incubation support to the start-up and acquisition of 8.5% equity share of Kanpur Flowercycling out of which 2% would be transferred to Indian Institute of Management - Calcutta Innovation Park for providing incubation support to the start-up. The acquisition of shares is through infusion of capital in cash.

The meeting of the Board of Directors of the company held on May 29, 2018, approved the same.

Balmer Lawrie & Company is engaged in providing greases and lubricating oils, industrial packaging (steel drums), logistics infrastructure and services, and tours and travel.

Balmer Lawrie & Co Share Price

177.15 0.95 (0.54%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2757.45
DCM Shriram 1198.95
3M India 31427.05
Hindustan Foods 494.80
Balmer Lawrie & Co 177.15
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