Home / Knowledge / News / Textiles / Strategic investors approaching us - Mudra Lifestyle
Strategic investors approaching us - Mudra Lifestyle
Oct '10
Mudra Lifestyle on October 14 informed the Bombay Stock Exchange (BSE) that, some of the strategic and financial investors have been approaching them with feelers and offers for buying a stake in the company.

The company said that, it is appraising the offers and is considering if any of these proposals is in interest of the firm and its stakeholders.

The information was passed on to the BSE by way of clarification to a newspaper report citing that, the company is in negotiations with South Korea based E-Land Group for a probable stake sale.

The company registered a turnover of Rs. 3.65 billion for the 2009-10 fiscal. It is involved in production, processing and designing of fabrics and garments to cater to the needs of both local as well as international markets. Also that it is now venturing into designer shirts and women's wear.

Recently, the company incurred an investment of more than three billion rupees as capital expenditure which is also expected to add to its current fiscal's earnings.

Seoul's E-Land Group is a fashion and garment firm, with extensive presence in the swiftly growing Asian markets.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Slight drop in Unifi 2017 Q3 sales

The net sales of Unifi Inc., one of the world's leading innovators in ...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Interviews View All

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Johan Berlin
InvestKonsult Sweden AB

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

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search