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Lux Industries reduces stake in Artimas Fashions

02 Dec 2019 Evaluate

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.

Peers
Company Name CMP
Vardhman Textiles 528.25
Welspun Living 223.25
Arvind 509.15
Raymond Lifestyle 596.25
K.P.R. Mill 1054.45
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