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VIP Industries to invest Rs 25 crore in WOS companies

03 Aug 2017 Evaluate

VIP Industries has received an approval for investment of Rs 25 crore in the wholly owned subsidiary (WOS) companies to be incorporated in Bangladesh for carrying on activities of manufacturing and marketing of luggage, bags and other products. The board of directors at its meeting held on August 3, 2017 has approved or the same.

VIP Industries is engaged in the manufacturing of hard luggages and soft luggages. The company operates through two segments - Luggage, Bags & Accessories, and Furniture.

Peers
Company Name CMP
Avenue Supermarts 3379.95
Trent 2986.00
Vishal Mega Mart 97.00
PN Gadgil Jewellers 597.65
Aditya Birla Life 73.22
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