Oricon Enterprises Sells Aluminium Tubes Unit for ₹2.38 Crore
Oricon Enterprises Limited has entered into an Asset Purchase Agreement for the sale of its unit manufacturing Aluminium Collapsible Tubes, situated at Plot No. A-2/9 MIDC Murbad, District Thane, Maha...
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Why is Oricon Enterprises Limited in the news today?
Oricon Enterprises Limited (ORICONENT) is in the news due to the sale of a unit is a significant corporate action, but the financial contribution of the unit is relatively small compared to the company's overall turnover and net worth. the transaction itself does not indicate immediate positive or negative financial implications beyond the sale proceeds.
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Oricon Enterprises Sells Aluminium Tubes Unit for ₹2.38 Crore
January 1, 2026, 11:29 AM
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More Details on This News
Oricon Enterprises Limited has entered into an Asset Purchase Agreement for the sale of its unit manufacturing Aluminium Collapsible Tubes, situated at Plot No. A-2/9 MIDC Murbad, District Thane, Maharashtra.
The sale agreement was entered into on January 01, 2026. The unit contributed ₹17.79 Crores, representing 3.34% of the company's turnover for the financial year ending March 31, 2025. Its net worth contributed ₹25.11 Crores, which was 3.11% of the company's total net worth.
The total consideration received from the sale is ₹2,38,00,000 (Rupees Two Crores Thirty-Eight Lakhs only). The completion of the sale is expected upon receipt of the consideration.
The buyer of the assets is Precise Multitube Packaging, located at Plot No.8 Varad Datey Nagar, Gangapur Road, Nashik. The transaction does not fall within related party transactions and is not a slump sale.
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