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Board discontinued Ricardo’s proposed merger and approved acquisition of 100% of Ricardo Elevators through a share swap, subject to approvals and targeted for completion within 120 days. Up to 4.61 lakh shares will be issued at Rs 281.86 each, involving consideration of up to Rs 13.0 Cr, to expand pan-India B2C distribution. Context: shifts the planned B2C expansion to a faster acquisition structure.
L.T. Elevator Cancels Ricardo Merger, Approves ₹13 Crore Share Swap
L.T. Elevator Board To Consider Equity Issue On August 13
L.T. Elevator Acquires 66.45% Stake In Korean Parking Systems Maker Dongyang PC
L.T. Elevator Signs SPA To Acquire South Korea's DYPC Inc
LT Elevator Signs SPA To Acquire 66.45% Korean Dongyang PC Stake