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Indian Terrain buys property in Chennai for 14 cr
01
Apr '16
Courtesy: Indian Terrain Fashions
Courtesy: Indian Terrain Fashions
Indian Terrain Fashions, an India based menswear brand, has concluded the purchase of immovable property in Chennai, Tamil Nadu for Rs 14 crore, according to a company filing with the BSE.

The property is located at Thiruvanchery village in Chennai. It has been bought from Celebrity Fashions, another premier menswear manufacturer located in Chennai.

With respect to assets, Indian Terrain Fashions reported assets worth Rs 215.42 crore in its last annual report for FY14-15 as compared to assets worth Rs 140.72 crore in FY13-14, a rise of 53.08 per cent, according to the financial report posted on the company website.

Total expenses reported by the brand for this fiscal was Rs 256.89 crore as compared to Rs 207.88 crore in FY13-14, a rise of 23.57 per cent.

The registered office of the brand is located in Chennai. It operates more than 700 Multi Brand Outlets (MBOs), more than 100 Exclusive Brand Outlets (EBOs) and more than 130 Large Format Stores. (MCJ)

Fibre2fashion News Desk - India

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