alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News Ebell Fashions

Read more interesting news from around the globe with Indianmoney App

Google Play
 
News Image

Lux board nod to merger of promoter companies

Tuesday, July 3, 2018, 10:29 AM

The board of hosiery major Lux Industries has approved the merger of two promoter group companies, J M Hosiery and Ebell Fashions in a non-cash deal at a combined valuation of Rs.861 crore. This deal, according to the company, will help minority shareholders to unlock value in the long-term. The profits of three companies post-merger will be around Rs.79 crore.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!