Announced Mon, 8 Jun, 2026 · 19:04 IST
Libas Consumer Products to acquire 51% stake in LA Rambla Lifestyle
LIBAS · price
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Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹12.06
prior close
₹11.93
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3+3.5+0.3+3.4+1.9-2.4+0.2+1.6-1.5-0.7-7.3-9.7-17.4-17.2
Up moveDown movePending
AI summary
Libas Consumer Products will acquire a 51% equity stake in LA Rambla Lifestyle Private Limited, an e-commerce handbag company, for up to Rs 1.5 crore in cash. LA Rambla reported FY25 turnover of Rs 136.66 lakh and net worth of Rs 19.88 lakh. Post-acquisition, LA Rambla will become a subsidiary. Not a related party deal and no regulatory approvals needed. Acquisition in one or more tranches under a Shareholders Agreement.
Likely market impact
Diversifies Libas into e-commerce handbag segment via 51% subsidiary stake. Deal size of Rs 1.5 crore is small, limited immediate impact.