Oricon Enterprises has entered into a business transfer agreement (BTA) with Guala Closures (India) for sale of its business of manufacturing, trading and sale of Metal Crown Seals and Roll On Pilfer Proof Closures (Sale of Undertaking) situated at MIDC Murbad in the State of Maharashtra by way of slump sale on a going concern basis. The company will receive a total consideration of Rs 42.50 crore after the completion of sale. The sale is expected to be completed by December 07, 2025. The sale is being undertaken to capitalise on business and explore new growth opportunities.
Recently, the board of directors of the company in their meeting held on August 07, 2025 had approved the same.
Oricon Enterprises is engaged in the business of manufacturing petrochemical products and developing real estate.
