Le Lavoir Shares Drop Nearly 2% Following 51% Stake Acquisition in Tech Riser

Authored By Shishta Dutta | Published at: Oct 7, 2025 04:45 PM IST

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Rajkot, October 7, 2025: LE Lavoir Ltd (BSE: 539814) stock dipped by 1.95% to ₹309.95 on Tuesday’s trading, entering into the lower circuit, after a strategic Memorandum of Understanding (MoU) for purchasing a 51% stake of Tech Riser Private Limited by a share swap deal was made by the firm.

LE Lavoir Limited, a company incorporated in 1981 and based in Rajkot, Gujarat, is primarily involved in the activities of the Trading & Distributors segment. The company has been actively diversifying its portfolio, and this latest development marks its move toward integrating digital and retail services.

Acquisition Details

According to a filing by the firm on October 6, 2025, LE Lavoir Limited signed a Memorandum of Understanding (MoU) during its visit to India with Tech Riser Private Limited. This software development company creates online platforms for service companies. Acquisition, by way of share swap, shall entitle LE Lavoir to acquire the majority stake (51%) of Tech Riser.

The deal aims to expand Tech Riser’s online solutions to LE Lavoir’s retail laundry business, encompassing online order booking, payment monitoring, and management of backend activities. The move is intended to support LE Lavoir’s expansion into the digital retail ecosystem. The deal is awaiting shareholders’ and BSE approval, and the acquisition date shall remain subject to obtaining necessary regulatory clearances.

Market Snapshot

Le Lavoir Ltd shares opened at ₹316.20, hitting an intraday high of ₹326.80 and a low of ₹300.30. It currently boasts a market capitalization of ₹100.42 crore and a price-to-earnings (P/E) ratio of 75.40. During the past year, its stock reached a 52-week high of ₹432.50 and a 52-week low of ₹186.20.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/cccf3e34-cca5-4004-bea1-cf0d8e97c034.pdf

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