Linc Limited makes further investment in Turkish Joint Venture, Silka Linc Kirtasiye Urunleri Sanayi Anonim Sirketi
Linc Limited has committed to a further investment in M/s Silka Linc Kirtasiye Urunleri Sanayi Anonim Sirketi (SILKA LINC), a joint venture company. The investment, which is categorized as a related party transaction, involves the use of cash consideration by the listed entity.The acquisition falls under the category of a related party transaction, and Linc Limited maintains an interest in the transaction proportionate to its shareholding.
The investment is scheduled to be completed within three months from the date of investment. The cost of acquisition for the shares is stated as up to USD 250,000 (approximately Rs. 2,31,25,000/-). Following this investment, there will be no change in the overall shareholding structure of the company, as the other party, Silka Kirtasiye Imalat Sanayi Ve Ticaret Limited Sirketi (SILKA), will also contribute an equal amount.
The transaction involves a 50 percent ownership stake by LINC LTD and a corresponding 50 percent stake by SILKA in the joint venture. The proceeds generated from the further issue of shares are allocated to be utilized by SILKA LINC for working capital and capital expenditure purposes.
Target Entity Profile
SILKA LINC operates in the Writing Instruments industry, focusing on manufacturing and distribution within Turkey and neighboring countries.Key operational and financial details regarding the target entity are summarized below:
| Particulars | Details |
|---|---|
| Target Entity Name | Silka Linc Kirtasiye Urunleri Sanayi Anonim Sirketi (SILKA LINC) |
| Industry | Writing Instruments |
| Paid-up Share Capital | Rs. 821.94 Lakhs |
| Turnover | Rs. 1152.41 Lakhs |
| Incorporation Date | October 17, 2024 |
| Registered Office | Istanbul, Turkey |
The historical turnover of SILKA LINC shows the following figures:
| Fiscal Year (FY) | Turnover |
|---|---|
| FY 2023 - 24 | Not Applicable |
| FY 2024 - 25 | Rs. NIL |
| FY 2025 - 26 | Rs. 1152.41 Lakhs |
LINC Stock Price Movement
Linc Limited shares settled lower today, shedding 2.27% and closing at ₹99.96. The stock saw a total traded volume of 115,191 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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