Larsen & Toubro to acquire a US-based OPRO.AI INC
Larsen & Toubro International FZE (LTIFZE), a wholly owned subsidiary of Larsen & Toubro (L&T) has entered into a Share Purchase Agreement on 08 December 2022, to purchase stake in OPRO.AI INC., a Delaware Corporation.
OPRO.AI INC is engaged in the business of offering Deep Learning Optimization software for process industries (O&G, chemicals, petrochemicals).
The cost of acquisition is a cash consideration of USD 1 million against which LTIFZE shall receive 869,565 shares of Series A Preferred Stock.
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First Published: Dec 09 2022 | 11:58 AM IST