Acquisitions4 Nov 2025, 04:41 pm
Oricon Enterprises Ltd Transfers Business to GUALA CLOSURES via Slump Sale
AI Summary
Oricon Enterprises Limited has informed the Exchange about the transfer of its undertaking by way of Slump Sale. The business of manufacturing, trading, and sale of Metal Crown Seals and Roll On Pilfer Proof Closures plant situated at MIDC Murbad District Thane in the State of Maharashtra has been transferred to GUALA CLOSURES (INDIA) PRIVATE LIMITED. This transfer is in accordance with the Business Transfer Agreement dated August 08, 2025.
Key Highlights
- Oricon Enterprises Ltd has transferred its business to GUALA CLOSURES (INDIA) PRIVATE LIMITED.
- The transfer is a slump sale on a going concern basis.
- The undertaking includes the manufacturing, trading, and sale of Metal Crown Seals and Roll On Pilfer Proof Closures.
- The plant is located at MIDC Murbad District Thane in the State of Maharashtra.
- The transfer is in accordance with the Business Transfer Agreement dated August 08, 2025.