SEL Manufacturing acquired Preet Hosiery

Thebullishtrends: SEL Manufacturing Company shares are trading at Rs.154.55(-3.26%). SEL Manufacturing Company Ltd has acquired the Manufacturing facilities of Preet Hosiery Exports Ltd, Ludhiana. The said acquisition consists of installed capacity of 4.5 million pieces per annum of readymade garments. The said unit is catering to top end buyers of Europe/US. Such acquisition would help the Company in value addition and increase in the overall capacity of manufacturing of readymade garments. SEL Manufacturing company shares lost Rs.5.20 today.