PIL Italica Lifestyle Ltd to invest in Atmospheres Workspace Solutions Pvt Ltd

PIL Italica Lifestyle Ltd will make a strategic investment by acquiring 1421 Compulsory Convertible Preference Shares (CCPS) in Atmospheres Workspace Solutions Private Limited (Investee Company) against Rs. 2,49,00,000/- (Rupees Two Crores Forty Nine Lakhs Only).

Atmospheres Workspace Solutions Private Limited(AWSPL) is engaged in the business of manufacturing of wooden and steel furniture, providing complete workspace solutions in e-commerce home and office furniture, focusing on MSME businesses.

Atmosphere is an Internet First Manufacturing D2C business with capabilities in engineered wood, solid wood, metal, acrylics, lighting and finishing under single roof.

The Authorized share capital of the Company is Rs. 10,00,000 /- divided into 1,00,000 Equity Shares of Rs. 10 each.

The Paid up share capital of the Company is Rs. 1,00,000 /- divided into 10,000 Equity Shares of Rs. 10 each.

The Turnover for the FY 2020-21 was Rs.1,40,85,367.

Shares of PIL ITALICA LIFESTYLE LIMITED was last trading in BSE at Rs. 10.75 as compared to the previous close of Rs. 10.68. The total number of shares traded during the day was 274161 in over 688 trades.

The stock hit an intraday high of Rs. 11.21 and intraday low of 10.25. The net turnover during the day was Rs. 2949184.00.

Source : Equity Bulls

Keywords

PILITALICALIFESTYLE INE600A01035 Investment CCPS AtmospheresWorkspaceSolutions