SEL acquires Preet Hosiery manf facilities

New Delhi, Jan 7: SEL Manufacturing Company Ltd today said it has acquired manufacturing facilities of Ludhiana-based Preet Hosiery Exports Ltd for an undisclosed amount.

The acquisition consists of installed capacity of 4.5 million pieces per annum of readymade garments, a company statement said. The acquired unit caters to top end buyers of Europe and the US and will lead to value addition and increase in the overall capacityof manufacturing of readymade garments for SEL.

UNI