Le Lavoir has entered a strategic Memorandum of Understanding (MoU) with Ghantiram Foods on June 27, 2025, to acquire 64.50% stake in the company. The Ghantiram Foods shall engage in the Manufacturing, trading, contract farming, retail sales of food grains and other food items including import and export of all types of food grains and food items. After this acquisition, Le Lavoir will issue its own shares to the Promoter of Ghantiram Foods through Swap of Shares.
The company is acquiring a stake in Ghantiram Foods to expand its business into the food industry. This partnership allows it to tap into new market opportunities, leverage existing expertise, and create synergies that drive growth and value. By diversifying its portfolio, it aims to strengthen its position in a fast evolving sector and reach a broader customer base.
Le Lavoir (earlier Radhey Trade Holding) is into the business of Laundry Services catering to institutions such as Hotels.
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|---|---|
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| Adani Enterprises | 2218.35 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 455.25 |
| PDS | 301.45 |
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