Page Industries inches up on plan to invest Rs 132 crore in Hassan unit

20 Aug 2015

Page Industries is currently trading at Rs. 14612.45, up by 47.60 points or 0.33% from its previous closing of Rs. 14564.85 on the BSE.

The scrip opened at Rs. 14419.00 and has touched a high and low of Rs. 14639.15 and Rs. 14419.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 16995.00 on 01-Jun-2015 and a 52 week low of Rs. 7121.10 on 28-Aug-2014.

Last one week high and low of the scrip stood at Rs. 14790.00 and Rs. 13900.10 respectively. The current market cap of the company is Rs. 16,276.00 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 39.21% and 9.79% respectively.

Page Industries, the exclusive licensees of Jockey International, is planning to invest Rs 132 crore in a manufacturing unit at Hassan. The company’s proposal has been recently cleared by the Karnataka State High-Level Clearance Committee (SHLCC) and to facilitate the company’s investment, the Karnataka government is planning to allocate five acres at Kalaburagi (Gulbarga). The plant is expected to generate 790 jobs.

The company has licences to manufacture and distribute the Jockey brand innerwear/leisurewear for men and women in India, Sri Lanka, Bangladesh, Nepal and the UAE. It has also the exclusive licensee of Speedo International to manufacture market and distribute the Speedo brand of sportswear in India.

Page Industries has been engaged in the business of manufacturing garments. The company is located in Bangalore and is the exclusive licensee of Jockey International Inc (USA) for manufacture and distribution of the Jockey brand innerwear/ leisurewear for men and women in India, Sri Lanka, Bangladesh, and Nepal.


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