Brief: India's IFB Industries Board Approves Acquisition Of Ramsons' Industrial Laundry Equipment Business

IFB Industries

26/07/2018 12:37

July 26 (Reuters) - IFB Industries Ltd  IFBI.NS :
    * BOARD APPROVED TO ACQUIRE AS GOING CONCERN, ON SLUMP SALE
BASIS
INDUSTRIAL LAUNDRY EQUIPMENT BUSINESS FROM RAMSONS GARMENT
FINISHING EQUIPMENT
    * BAORD APPROVED ACQUISITON OF LAUNDRY EQUIPMENT BUSINESS AT
A
CONSIDERATION OF 350 MILLION RUPEES
    * ACQUISITON TRANSACTION IS EXPECTED TO BE COMPELTED WITHIN
Q2 OF
2018-19

Source: https://bit.ly/2OinIWH
Further company coverage:  IFBI.NS 

 (Reuters.Briefs@thomsonreuters.com)