LE Lavoir Ltd — Important, 06-10-2025: Company Update
06-10-2025 | 08:21 pm
06-10-2025 | 08:21 pm
Le Lavoir Limited has signed a strategic Memorandum of Understanding to acquire a 51.00% stake in Tech Riser Private Limited. This move aims to significantly boost Le Lavoir's retail laundry business across India by integrating Tech Riser's digital platform, which handles order booking, tracking, and payments. The acquisition, to be completed via a share swap, diversifies Le Lavoir's portfolio and strengthens its position in the evolving sector. Tech Riser, an IT firm with 1,00,000 capital, provides software solutions for service-oriented businesses, and its integration will aid Le Lavoir's digital transformation efforts, subject to shareholder and BSE approvals.
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