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Faze Three’s arm acquires existing factory premises from Basell Polyolefins India

18 Aug 2023 Evaluate

Faze Three’s Wholly Owned Subsidiary -- Mats and More has acquired an existing factory premises from Basell Polyolefins India situated at Aurangabad vide Deed of Assignment executed on August 17, 2023. The cost of acquisition for the said premises is Rs 5.16 crore and has an area of 10,500 sq. meter.

The said acquisition empowers the company to pursue a growth plan for the category of outdoor and performance mats including patio mats. The said acquisition is part of the planned expansion as updated in the quarterly investor presentations from time to time.

Faze Three manufactures and sells home furnishing products in India. It also offers automotive textiles to OEMs.


Faze Three Share Price

484.50 10.60 (2.24%)
24-Apr-2026 09:41 View Price Chart
Peers
Company Name CMP
Welspun Living 131.25
Vardhman Textiles 586.15
Arvind 384.70
K.P.R. Mill 914.00
Page Industries 38010.05
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