Home / Knowledge / News / Apparel/Garments / Finance firm Madhusudan Securities to buy Weekender
Finance firm Madhusudan Securities to buy Weekender
08
Feb '11
Madhusudan Securities Ltd has informed that the company has entered into an agreement with Primus Retail Private Limited to acquire the business of the Weekender Brand for an aggregate consideration of Rs. 100 crores to be payable partly in the form of equity shares of the Company.

Pursuant to the agreement the Company is proposing to seek approval of the shareholders for issue of 6,142,857 equity shares to Primus Retail Private Limited on preferential basis subject to obtaining requisite approvals, consents and permissions for the said transaction from concerned authorities.

The meeting of the Board of Directors will be held on February 09, 2011, inter alia, to consider the preferential allotment to Primus Retail Private Limited, to explore the fund raising options required for the acquisition, to increase the authorized share capital, to amend the main objects to include the retail business to be carried on subsequent to the completion of the open offer formalities.

Madhusudan Securities Ltd

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search