Moneycontrol
Mar 16, 2017 03:58 PM IST | Source: Moneycontrol.com

Rupa and Co up 16%, enters into agreement with Fruit of the Loom

Oban Fashions, a wholly-owned subsidiary of the company has entered into a license agreement with Fruit of the Loom, Inc., a New York Corporation, a wholly-owned subsidiary of Berkshire Hathaway Company.

Rupa and Co up 16%, enters into agreement with Fruit of the Loom

Moneycontrol News

Shares of Rupa and Company surged more than 16 percent intraday Wednesday as it has entered into license agreement with Fruit of the Loom.

Oban Fashions, a wholly-owned subsidiary of the company has entered into a license agreement with Fruit of the Loom, Inc., a New York Corporation, a wholly-owned subsidiary of Berkshire Hathaway Company.

Oban Fashions has acquired the exclusive license from the Fruit of the Loom, Inc., to manufacture, distribute, advertise and sell innerwear and outerwear products for men, boys, women, girls and toddler in India, under their brand names and marks.

At 09:46 hrs Rupa and Company was quoting at Rs 305.05, up Rs 30.25, or 11.01 percent on the BSE.

Posted by Rakesh Patil
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