National Events : Clean India Technology Week 2019, IFM Summit, Conference on Infection Control, Clean India Conferences,National Convention of Dry-Cleaners & Launderers
Upcoming Events
Saturday , 20 October 2018
Home » News » IFB acquires Ramsons

IFB acquires Ramsons

Engineering products’ firm IFB Industries entered into a detailed definitive agreement with Ramsons Garment Finishing Equipment, Ramsons Udhyog and its promoters for Rs 35cr. The deal is on a slump sale basis for the entire industrial laundry equipment business. This agreement will allow IFB to consolidate and grow its laundry equipment business. The transaction will be completed by Q2FY19.

IFB Industries Ltd is currently trading at Rs 1,143.15 down by Rs 20.5 or 1.76% from its previous closing of Rs 1,163.65 on the BSE. The current market cap of the company is Rs 4,715.11cr.

Source: https://www.indiainfoline.com/article/news-top-story/ifb-enters-into-definitive-agreement-with-ramsons-118072700387_1.html

 

Engineering products’ firm IFB Industries entered into a detailed definitive agreement with Ramsons Garment Finishing Equipment, Ramsons Udhyog and its promoters for Rs 35cr. The deal is on a slump sale basis for the entire industrial laundry equipment business. This agreement will allow IFB to consolidate and grow its laundry equipment business. The transaction will be completed by Q2FY19. IFB Industries Ltd is currently trading at Rs 1,143.15 down by Rs 20.5 or 1.76% from its previous closing of Rs 1,163.65 on the BSE. The current market cap of the company is Rs 4,715.11cr. Source: https://www.indiainfoline.com/article/news-top-story/ifb-enters-into-definitive-agreement-with-ramsons-118072700387_1.html  

Review Overview

User Rating: Be the first one !
0
Print this page
Content

SUBSCRIBE TO OUR

MONTHLY NEWSLETTER

Get all latest news articles straight to your inbox.

Enter your email address: