Home / Knowledge / News / Apparel/Garments / Nalanda Capital ups its stake in Lovable Lingerie to 8.79%
Nalanda Capital ups its stake in Lovable Lingerie to 8.79%
06
Feb '14
Nalanda Capital Pte Ltd, the India-focused private equity firm, has increased its stake in Mumbai-based Lovable Lingerie Ltd from the earlier 5.06 percent to 8.79 percent by acquiring 1,476,812 shares, the company said in a disclosure to the Bombay Stock Exchange (BSE).
 
The shares were acquired last month under the Nalanda India Fund Limited and the Nalanda India Equity Fund Limited, the statement said.
 
Incorporated in 1987, Lovable Lingerie is one of India’s leading women’s innerwear manufacturers, producing brassieres, panties, slips / camisoles, homewear, shapewear, foundation garments and sleepwear products.
 
In December 2000, the company acquired the brand “Lovable” form Lovable World Trading Company, USA on an exclusive basis for the territories of India, Nepal, Sikkim and Bhutan. The innerwear products manufactured under the brand “Lovable” cater to the premium segment market in India.
 
As part of its growth strategy, the company diversified its portfolio of brands and acquired brands like “Daisy Dee” from Maxwell Industries Limited through a memorandum of understanding in March 2004 to cater to the mid-segment market in India.
 
Subsequently in March 2009, the company acquired the brand “College Style” from Levitus Trading Limited, Hong Kong to cater to the young segment of India.
 
In the past, the company has also marketed the “Vanity Fair” brand of women’s innerwear garments, which was licensed from VF Corporation Inc., USA.
 
Lovable has three manufacturing facilities—two in Bengalure and one in Roorkee—which together have production capacity of 3.75 million pieces of brassiere and panties for annum. The company proposes to add another 2.5 million pieces per annum capacity through a project for modernization and integration at a new location in Bengaluru, according to the company website.
 
Net profit of the company was Rs. 44.139 million in the quarter ended September 30, 2013, compared to profit of Rs. 43.205 million in the corresponding quarter of the previous year.
 
In financial year 2012-13, the company registered net profit of Rs. 188.852 million.
 
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search