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La Tim Metal & Industries acquires majority stake in LA Proviso Buildcon LLP

03 Jun 2026 Evaluate

La Tim Metal & Industries has acquired a majority stake and has been admitted as a partner in LA Proviso Buildcon LLP, with effect from June 01, 2026. Following the acquisition, the company now holds a 50.1% ownership interest in the aforesaid LLP through direct capital contribution. Accordingly, LA Proviso Buildcon LLP has become Subsidiary of the company.

The business of the Limited Liability Partnership (LLP) shall include the development, construction, and execution of residential, commercial, and industrial park projects and complexes; acquisition and development of plots and land; undertaking construction and infrastructure activities; and dealing in the purchase, sale, transfer, and development of real estate properties. The object of the LLP is in line with the object of the company. The said acquisition would result in further expansion of the business of the company. 

La Tim Metal & Industries is engaged in the business of importing coils and profiles and trading them into the Indian market.


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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