Ludlow Jute & Specialities Acquires 100% Stake in SEVA BY TARA FOUNDATION
Ludlow Jute & Specialities Ltd has completed the acquisition of 100% equity shares in SEVA BY TARA FOUNDATION, a company incorporated as a Section 8 entity. The move establishes Ludlow Jute as the wholly owned subsidiary, bringing social work activities under its operational umbrella.SEVA BY TARA FOUNDATION is classified as a Section 8 Company and operates within the non-profit sector, focusing on veterinary activities, educational support services, and other social work activities without accommodation n.e.c. The incorporation of this social enterprise has been approved by the Ministry of Corporate Affairs.
The acquisition involved a cash consideration for the subscription of all equity shares in SEVA BY TARA FOUNDATION.
Key details of the acquisition transaction are as follows:
| Particulars | Details |
|---|---|
| Acquired Entity Name | SEVA BY TARA FOUNDATION |
| Control Acquired | 100% (Wholly Owned Subsidiary) |
| Total Shares Acquired | 100,000 shares |
| Acquisition Cost / Price per Share | Rs. 10 |
| Consideration Type | Cash consideration |
As a direct result of this acquisition, SEVA BY TARA FOUNDATION is recognized as a related party to Ludlow Jute & Specialities Ltd due to its status as a wholly owned subsidiary company. The company acquired the shares through cash consideration.
Stock Price Movement
Ludlow Jute & Specialities Ltd settled at ₹391.60 in the post-market session today, with shares ticking up 1.65%. The equity moved throughout the trading day, ranging between a low of ₹385.25 and an intraday high of ₹400.00.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.