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Larsen Toubro to acquire a US-based OPROAI INC

10 Dec 2022 , 12:01 PM

Larsen Toubro International FZE LTIFZE a wholly owned subsidiary of Larsen Toubro LT has entered into a Share Purchase Agreement on 08 December 2022 to purchase stake in OPROAI INC a Delaware Corporation OPROAI INC is engaged in the business of offering Deep Learning Optimization software for process industries OG chemicals petrochemicals The cost of acquisition is a cash consideration of USD 1 million against which LTIFZE shall receive 869565 shares of Series A Preferred Stock

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