Indus Fila has acquired a 51% stake in Indus Garments (India) for Rs 9.35 crore.According to a release issued by Indus Fila to the BSE today, Indus Garments is an established player in the apparel manufacturing business with nearly 97% products exported to the American and European markets."The turnover of the company for FY07 was Rs 89.90 crore with a profit after tax (PAT) of Rs 4.64 crore. The installed capacity of the company is 3.60 million garments per annum," the release added.
