Brind.
  1. A shared market focus emerged for home-elevator solutions, noting shared presence in North American market development and patient care/accessibility products.

L.T. Elevator acquires Ricardo Elevators via share swap

1 report, 1 independent Updated Fri 00:00
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What happened

Some supportReported by 1 outlet

L.T. Elevator Limited approved the acquisition of Ricardo Elevators Private Limited on October 9, 2026, by acquiring 100% of its equity share capital via a share swap. The company allotted 4,61,000 equity shares at an issue price of ₹281.86 per share. This transaction increased L.T. Elevator Limited's total issued and paid-up equity share capital.

From equitybulls.com

Why it matters

Some supportBrind's analysis of the reports

The acquisition expands L.T. Elevator Limited's presence in the home-elevator solutions market. This market is noted for its shared presence in North American market development and patient care/accessibility products, strengthening the combined entity's capacity in the accessibility product sector.

A shared market focus has emerged for home-elevator solutions, noting shared presence in North American market development and patient care/accessibility products.

From equitybulls.com

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