On 19th September Delta Magnets Ltd announced the merger of Arrow Textiles Ltd and MMG India Private Ltd with Delta Magnets Ltd. Post-merger the name of Delta Magnets Ltd will change to Delta Manufacturing Limited. 

Delta Magnets Ltd (DML) started commercial production in 1986 and is one of the leaders in the hard ferrite industry, GPEL’s clientele includes Philips, BPL, Bush (in the audio electronics industry), Bajaj Auto and Lucas-TVS (in the automobile equipment industry). DML has two wholly-owned subsidiaries and one step-down wholly-owned subsidiary:

  1. MMG India Private Limited which is into manufacturing of Soft Ferrites
  2. Magdev Limited which is into Trading of Ferrites
  3. Pilamec Limited (Step-down Subsidiary) – Trading of Ferrites

MMG India Private Limited (MMG) is primarily engaged in the business of manufacturing of soft ferrites and coil winding.

Arrow Textiles Ltd (ATL) is the leading manufacturer of the specialty textiles in India. The company manufactures woven labels, fabric printed labels, elastic & non-elastic tapes (also known as garment trims). These products form a part of garment packaging products and are used for apparels and made-ups such as terry towels and home furnishings. The company has an installed capacity as on 31st March 2018, of 22 Nos. woven label looms, 22 Nos. printed label machines and 61 Nos. woven tapes looms.

Transaction Overview

Delta-Magnets-Arrow-Textile-Merger-1

Valuation

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