Lux to clock Rs 1800cr revenue post-merger, Retail News, ET Retail

Kolkata: Lux Industries, a person of India’s foremost knitwear producers, would have a consolidated earnings of close to Rs one,800 crore after the merger of team companies with itself. It was announced on Wednesday that the composite plan of amalgamation of J M Hosiery & Co and Ebell Fashions Personal with Lux Industries, has been sanctioned by the National Business Law Tribunal (NCLT).

The profit after tax of the consolidated device of Lux Industries would be Rs 177 crore from the present amount of Rs 122 crore. The present-day earnings of the company is Rs one,210 crore.

A company official pointed out that the earnings for every share of the consolidated firm would go up to Rs 58.eight from Rs 48.eight at the moment. The Lux scrip was hovering at Rs one,800-one,810 amount for the last few times after touching one,899 in February 21 following the news of amalgamation.

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