Pil Italica Lifestyle is planning to acquire 1421 Compulsory Convertible Preference Shares (CCPS) in Atmospheres Workspace Solutions against Rs 2.49 crore. A strategic investment will be made by the company to integrate its existing product line with the wooden and steel furniture for both office and home use and to remain competitive with the technology, product quality and to keep up with the customer’s need requirement of the market. This investment will bring synergies leading to the creation of an incremental and long-term shareholder value.
Pil Italica Lifestyle is engaged in the manufacturing of Plastic Moulded, Household and Industrial Articles and Moulded Furniture.
