La Tim Metal & Industries has received an approval for Takeover/acquisition of 100% of the aggregate paid up share capital of Latim Lifestyle and Resort. The consideration for the proposed acquisition will be paid by the company by way of issuance of equity shares to the shareholder of the respective target company on a preferential basis for an amount decided as per regulations at the time of execution.
The objective of the proposed acquisition is to further strengthen and inorganically expand the existing business operations of the Company. Upon consummation of the proposed acquisition, La-Tim Life Style and Resort will become a subsidiary of the company. The Board of Directors of the Company at its meeting held on August 7, 2023, inter alia, has considered and approved the same.
La Tim Metal & Industries was established with the vision of establishing itself as a leading dealer of metals, and so on in India.
