Radhey Trade Holding Limited ties up with IBIS Hotels for providing laundry services

Radhey Trade Holding Limited has entered into a tie-up with Interglobe Hotels Private Limited ("under brand name of ibis Hotel') for providing wet cleaning, washing and dry cleaning services to the Navi Mumbai Hotel of the group. Under the brand name "Le Lavoir', the company is targeting to reach various institutions and also plans to enter the retail market segment to address consumer needs. Focused on expanding its reach on panIndia basis, the company plans to open several other laundry units apart from its Mumbai facility over the coming years.

Talking about the deal, Mr. Sachin Kapse, Managing Director of the Company said, "We are thrilled about our partnership with ibis Navi Mumbai as this move will help the Company to reach new heights. We are all geared up towards new client acquisitions and we aim to add at least 3 more hotels in the current quarter. Our aim is to be one of the leading and trusted brands in Laundry Services available in India. We are focused on the "Make in India" and Atmanirbhar Bharat initiatives of the Government of India."

Mr. Anant Leekha, General Manager of ibis Hotel expressed his confidence about the association with Le Lavoir. He said, "We are excited to have our vendors as Radhey Trade Holding Ltd (under their brand name "Le Lavoir'). They have been impeccable in our survey and the quality is excellent for the laundromat services being offered by the company. We are sure this consistent performance and timely delivery and effort will increase the customer base of Radhey Trade Holding Limited exponentially."

Shares of Radhey Trade Holding Ltd was last trading in BSE at Rs.36 as compared to the previous close of Rs. 34.75. The total number of shares traded during the day was 51086 in over 89 trades.

The stock hit an intraday high of Rs. 41.7 and intraday low of 33.3. The net turnover during the day was Rs. 1792602.

Source : Equity Bulls

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