Lux Industries has reduced its stake in Artimas Fashions (AFPL) which is the licensee of Indian cricket captain Virat Kohli's innerwear brand, from 100 per cent to 50.87 per cent. AFPL, which was the wholly-owned subsidiary of the company, has become a subsidiary with the dilution of its stake.
Lux Industries manufactures and sells knitwear in India. The company offers a range of innerwear for men, women, and children. It also exports its products to the Middle East countries.