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| Exchange Received Time 18/05/2018 14:08:54 Exchange Disseminated Time 18/05/2018 14:09:03 Time Taken 00:00:09 | | Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to announce that, Himatsingka America Inc., the wholly owned step down subsidiary of Himatsingka Seide Limited, has acquired the home portfolio of Global Brands Group Holding Limited. The acquired home portfolio includes the exclusive license rights to the famous and iconic Tommy Hilfiger brand, the Copper Fit brand and other brands. This brand portfolio is estimated to contribute Annual Revenues of approximately USD 60 - 65 million to the Group. |
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