The company’s consumer products and gifting areas both produce a variety of chocolate products. Its industrial products section also produces cocoa butter, cocoa mass, and chocolate powder.
Reliance Consumer Products Ltd (RCPL) and Reliance Retail Ventures Ltd (RRVL) announced to acquire this company.
The company name is Lotus Chocolate Company Ltd.
According to a notice from DAM Capital, the companies RCPL & RRVL would jointly purchase 33.38 lakh shares of Lotus Chocolate on the open market for a fixed price of ₹115.5/share. The public bid period (Open Offer) will begin on February 21 and end on March 6.
Financial is good of this company.
Debt/Equity is a little bit higher but it has reduced its debt.
Now let’s see how much it will grow under Reliance Leadership.