Lux to clock Rs 1800cr revenue post-merger, Retail News, ET Retail

Davida Erdahl

Kolkata: Lux Industries, a person of India’s main knitwear producers, would have a consolidated profits of shut to Rs one,800 crore right after the merger of team companies with alone. It was declared on Wednesday that the composite scheme of amalgamation of J M Hosiery & Co and Ebell Fashions Private with Lux Industries, has been sanctioned by the Countrywide Business Legislation Tribunal (NCLT).

The financial gain right after tax of the consolidated unit of Lux Industries would be Rs 177 crore from the existing level of Rs 122 crore. The present profits of the business is Rs one,210 crore.

A business official pointed out that the earnings per share of the consolidated business would go up to Rs fifty eight.eight from Rs 48.eight at present. The Lux scrip was hovering at Rs one,800-one,810 level for the past couple days right after touching one,899 in February 21 following the information

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