Lux Industries Splits Into Three Listed Companies Via 1:1 Demerger to Unlock Value
Lux Industries, India’s leading innerwear and hosiery maker, announced a major corporate restructuring splitting into three independent listed entities via a 1:1 demerger to eliminate conglomerate discount.
Key points
- Lux Industries splits operations into three independent listed companies via 1:1 demerger
- Move designed to eliminate conglomerate discount and attract focused institutional mandates
- NCLT and SEBI approvals over 9-15 months will determine implementation timeline and re-rating
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