NIFTY 50

Lux Industries expects to grow more than 15% after the merger

Updated : June 27, 2018 13:19:19 IST

Lux Industries is expected to grow more than 15 percent after the merger with JM Hoisery & Co and Ebell Fashions,  said Udit Todi, senior VP of the company.

The board of Lux Industries on Tuesday approved scheme of merger of J M Hosiery and Ebell Fashions with the company.

“Collectively we are looking at about Rs 500 crore as topline and Rs 37.5 crore as bottomline," said Todi, adding that  both of the companies are held 100 percent by promoters.

The post merger earnings per share (EPS) of the company should go up  by about 24 percent, he added.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you