IP Rings acquires JV manufacturing business for Re. 1
Published on: June 22, 2026, 11:17 p.m. | Source: scanx.trade
IP Rings Ltd signed a slump sale agreement to acquire the manufacturing business of IPR Eminox Technologies Private Limited for Re. 1. The transaction includes the takeover of fixed assets worth ₹2.67 crore and working capital of ₹2.08 crore, alongside bank liabilities of ₹3.45 crore. The manufacturing division recorded a turnover of ₹39 crore in FY26.
