Cravatex has received an approval for the sale / transfer / disposal / divestment of its 100% shareholding held in Cravatex Brands (CBL), a material subsidiary of the Company, to Metro Brands, subject to approval of the Shareholders of the Company. The total consideration payable is based on the enterprise value of CBL, i.e., Rs 202.17 crore. The Board of Directors of the Company, at its Meeting held on October 19, 2022, has granted its approval for the same.
Cravatex imports and distributes products of various brands, such as Johnson, Horizon, Vision, Body Solid, and Magnum. The company also distributes sports shoes and apparels, tennis balls, tennis rackets, and massage chairs and accessories.
Company Name | CMP |
---|---|
Redington | 216.20 |
Adani Enterprises | 3299.00 |
Amrapali Industries | 15.77 |
Rashi Peripheral | 338.30 |
Compuage Infocom | 3.89 |
View more.. |