Lux to clock Rs 1800cr revenue post-merger
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Last Updated: Apr 08, 2021, 10:25 AM IST
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Synopsis
The profit after tax of the consolidated unit of Lux Industries would be Rs 177 crore from the present level of Rs 122 crore. The current revenue of the company is Rs 1,210 crore.
Agencies The Lux scrip was hovering at Rs 1,800-1,810 level for the last few days after touching 1,899 in February 21 following the news of amalgamation.
(This story originally appeared in on Apr 08, 2021)Kolkata:
Lux Industries, one of India’s leading knitwear producers, would have a consolidated revenue of close to Rs 1,800 crore after the merger of group companies with itself. It was announced on Wednesday that the composite scheme of amalgamation of J M Hosiery & Co and Ebell Fashions Private with Lux Industries, has been sanctioned by the National Company Law Tribunal (NCLT).