Business Update3 Sept 2025, 05:15 pm
Campus Activewear Acquires Land and Building from Nainipanel Industries for INR 74.75 Crores to Expand Capacity
AI Summary
Campus Activewear Ltd has acquired Land and Building from Nainipanel Industries Private Limited to expand its existing capacity for the manufacturing of semi-finished goods (Sole and/or Upper) and assembly of footwear. The acquisition is for a total cash consideration of INR 74,75,00,000. The company plans to add an additional annualized capacity of Upper 7.2 Mn Pairs and Assembly 7.2 Mn pairs over 2.5 years from September 2025. The investment required for this capacity addition is INR 230 Crores, which will be financed through internal accruals. The rationale behind this capacity expansion is to meet business growth and increased backward integration.
Key Highlights
- Acquisition of Land and Building from Nainipanel Industries Private Limited for INR 74.75 Crores
- Expansion of existing capacity for the manufacturing of semi-finished goods and assembly of footwear
- Additional annualized capacity of Upper 7.2 Mn Pairs and Assembly 7.2 Mn pairs over 2.5 years
- Investment of INR 230 Crores to be financed through internal accruals
- Capacity expansion to meet business growth and increased backward integration