I have recently invested in Lotus Chocolate Company Ltd. It is engaged in the business of manufacturing chocolates, cocoa products, and cocoa derivatives.
The company has been recently acquired by Reliance Consumer Products Limited along with Reliance Retail Ventures Limited.
As per the filing, “The prime objective of the Acquirer and the PAC for the acquisition of Equity Shares is to have substantial holding of Equity Shares, voting rights and acquisition of sole control of the Target Company. The acquisition underlines the Acquirer and PAC’s commitment to further boost indigenously developed daily use high quality products to serve a broad customer spectrum. Following the completion of the Underlying Transaction and the Open Offer, the Acquirer and the PAC would look to further expand the business and drive the next growth phase of the Target Company.”
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