Announced Wed, 5 Aug · 24:05 IST

L.T. Elevator to acquire 66.45% stake in Korean Dongyang PC Inc

Promoter Disclosed Acquisition PlansOrder Pipeline DisclosedMgmt Guided Margin ImprovementInvestor Communications View source PDF Explain this filing

Price

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Price reaction · full curve 14 horizons · vs prior close

+4.4%1-day move

₹291.20

prior close

₹305.40

base price

After-mkt

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AI summary

LT Elevator will acquire 66.45% stake (9,96,675 shares) in Seoul-based Dongyang PC Inc at USD 2.85 per share, making it a subsidiary. Post-closing, Dongyang PC will buy back 500,000 shares from a Saudi investor at the same price, becoming wholly-owned. Dongyang PC has 20+ years experience, 12 patents, 21 trademarks, presence across 35 countries, and 739+ installed units. Deal expected to contribute about 130 Cr revenue at industry-leading margins for remainder of FY27. Active bid pipeline disclosed at 700+ Cr with 18-24 month execution visibility.

Likely market impact

Significant international expansion via acquisition. Adds about 130 Cr expected revenue and 700+ Cr bid pipeline, strengthening long-term growth outlook.