Suditi Industries Ltd (SIL) has executed the License Contract with PSG Merchandising, a French simplified limited liability company located at 24 rue du Commandant Guilbaud, 75016 Paris and subsidiary of Paris Saint-Germain Football Professional Sports Company (Paris Saint-Germain).
Paris Saint-Germain is the organization responsible for the management of Paris Saint-Germain Football Club's professional activities. Accordingly they have granted SIL the right to use Paris Saint-Germain's intellectual property rights for commercial purposes. As per the License Contract, SIL is entitled to use the Trademarks, Logos, Copyright Material, patents, copyright, knowledge, drawings of the PSG Merchandising on the apparels / garments manufactured by SIL.
The company can manufacture the apparels/garments as stated above and sell them in the domestic market (Indian Market) and the contract is valid up to 30/06/2020.
Shares of SUDITI INDUSTRIES LTD. was last trading in BSE at Rs.30 as compared to the previous close of Rs. 30. The total number of shares traded during the day was 300 in over 3 trades.
The stock hit an intraday high of Rs. 31.95 and intraday low of 30. The net turnover during the day was Rs. 9295.