Cravatex
Metro Brands acquires 100% shareholding of Cravatex Brands
Footwear retail chain Metro Brands has signed a share purchase agreement to acquire 100 per cent shareholding of Cravatex Brands to expand its presence in the sports and athleisure space in India, a regulatory filing said on Wednesday. BSE-listed Cravatex Brands is a retail, brand licensing, distribution and sourcing company that has the exclusive long-term license for the Italian sportswear brand FILA, owns sportwear brand Proline, and represents other international brands. The acquisition is based on fulfilment of closing conditions by both parties. Paragon Partners, an existing investor in Cravatex Brands Limited, will also sell its entire stake as part of this transaction, Cravatex said in the filing. "This acquisition fits our strategic vision at Metro Brands Ltd to leverage our expertise in brick and mortar and e-commerce retail while serving the growing need of the consumer in the sports and athleisure category. "We are truly committed to our vision to be India's largest ...
 "Metro Brands acquires 100% shareholding of Cravatex Brands")
Cravatex zooms 75% in 4-session; stock locked in maximum monthly limit
The stock zoomed 75% in past four trading days from Rs 206.70 to Rs 360.80 on BSE.
 "Cravatex zooms 75% in 4-session; stock locked in maximum monthly limit")
