This acquisition will catapult Indo Count to a leadership position in the global home textiles bedding segment, said a media release issued by the company. It said that with addition of almost 50% new capacity, Indo Count became the largest home textile bedding company, globally, with annual capacity of approximately 153 million meters. The acquisition will help the company for potential addition of Rs.1,300 – 1,500 crore per annum to the topline of the company.
ICICI Direct’s report on that