Brief: Everstone Group to buy Kenstar

Videocon Industries (India)

06/11/2017 09:52

Nov 6 (Reuters) - Everstone Group : 
    * Everstone Group agrees to buy Kenstar 
    * Proposed sale includes purchase and transfer of "Kenstar" 
brand 
and businesses under brand on a going concern basis 
 
Source text - The Everstone Group (Everstone) has agreed to buy 
"Kenstar", India's leading brand of coolers, air conditioners 
and home appliances. The proposed sale, subject to statutory 
approvals and specific clearances, includes the purchase and 
transfer of the "Kenstar" brand and businesses under the brand 
on a going concern basis including a state-of-the-art 
manufacturing facility, as well as assets from Century 
Appliances Ltd. (an associate of the Videocon Group).  
 
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