Libas Consumer Products (LIBAS) — Announcement

Libas Consumer Products Limited announced its intent to acquire a 51% equity stake in LA Rambla Lifestyle Private Limited, an Indian e-commerce handbag company, through a cash investment of up to ₹1.5 crore. The transaction, structured via a shareholders agreement, aims to diversify Libas's revenue streams and transition to a multi-engine growth model. The target company reported ₹136.66 lakh turnover and ₹7.81 lakh profit in FY2024-25, with no regulatory approvals required and completion timelines dependent on agreement terms.

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About Libas Consumer Products Limited (LIBAS)

Textiles · Textiles & Apparels · Listed on NSE

Market Cap: ₹31.61 Cr P/E: 4.7

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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