S.Kumars Nationwide to acquire Italian Company Leggiuno

S.Kumars Nationwide Ltd has announced that the Company has finalized the purchase of Leggiuno S.p.A, a leading Italian High Value Shirting Fabrics enterprise. It is headquartered in the town of Leggiuno (VA) near Milano. The purchase has been effected through SKNL Italy S.p.A. a wholly owned subsidiary of S.Kumars Nationwide Ltd.

Leggiuno is a profit making Company, with healthy EBIDTA margins. This acquisition is a pivotal step, one that immediately propels SKNL as a key global player in the much sought after & highly profitable super premium and luxury High Value Shirting Fabrics segment.

The Stock closed the day at Rs.20.85, down by Rs.3 or 12.58%. The stock hit an intraday high of Rs.23.10 and low of Rs.20.10.

The total traded quantity was 1759739 compared to 2 week average of 710665.

Source : Equity Bulls

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