Sale8 Aug 2025, 12:24 pm
Oricon Enterprises Ltd. to Sell Metal Crown Seals, Roll On Pilfer Proof Closures Business for Rs. 42.50 Crores
AI Summary
Oricon Enterprises Ltd. has executed a Business Transfer Agreement (BTA) with Guala Closures (India) Private Limited for the sale of its business of manufacturing, trading, and sale of Metal Crown Seals and Roll On Pilfer Proof Closures. The sale is expected to be completed by December 07, 2025, subject to necessary approvals and fulfillment of conditions precedent. The business being sold contributed 20.75% of the company's turnover and 5.46% of its net worth during the last financial year ended March 31, 2025.
Key Highlights
- Execution of Business Transfer Agreement with Guala Closures (India) Private Limited
- Sale of business of manufacturing, trading, and sale of Metal Crown Seals and Roll On Pilfer Proof Closures
- Expected completion date of the sale: December 07, 2025
- Enterprise value of Rs. 42.50 crores to be received on completion of sale
- Business being sold contributed 20.75% of the company's turnover and 5.46% of its net worth during the last financial year