International Conveyors has acquired the Equity shares of ‘V.I.P. Industries.’ The cost of acquisition is Rs 5.29 crore. VIP Industries is amongst World’s leading manufacturers and retailers of luggage, backpacks and handbags and an established leader in the organised luggage market in India.
Earlier, the company had acquired equity shares of Sheela Foam. The cost of acquisition was Rs 3.14 crore.
International Conveyors (ICL) is an India-based company. The Company is engaged in manufacturing and marketing solid woven carcass reinforced fire retardant antistatic (FRAS) PVC Conveyor Belting in segment explosive fire hazardous underground mine application.
