What's Happening?
Oricon Enterprises has announced the sale of its aluminium collapsible tubes manufacturing unit located in MIDC Murbad, Thane district, Maharashtra. The sale is part of a strategic asset divestment plan. The company entered into an asset purchase agreement on January 1, 2026, with Precise Multitube Packaging, a Nashik-based company, for a total consideration of Rs 2.38 crore. This amount has already been received by Oricon Enterprises. The unit contributed Rs 17.79 crore to the company's turnover in FY25, which was 3.34% of the total turnover. The net worth of the unit was Rs 25.11 crore, representing 3.11% of the company's net worth as of March 31, 2025. The transaction does not involve any promoter or promoter group entities and is not a related-party
transaction. It also does not qualify as a slump sale, as only assets have been sold. This divestment was previously intimated to stock exchanges on December 29, 2025, and disclosed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations.
Why It's Important?
The sale of the aluminium tube manufacturing unit by Oricon Enterprises is significant as it reflects the company's strategic shift in asset management. By divesting this unit, Oricon Enterprises may be looking to streamline its operations and focus on more profitable or core business areas. This move could potentially improve the company's financial health by reducing operational costs associated with the unit. For Precise Multitube Packaging, acquiring this unit could enhance its production capabilities and market reach. The transaction also highlights the dynamic nature of the manufacturing sector, where companies continuously reassess their asset portfolios to align with market demands and strategic goals. This divestment could set a precedent for similar strategic moves by other companies in the industry, influencing market trends and investment strategies.
What's Next?
Following the divestment, Oricon Enterprises may focus on optimizing its remaining business operations and exploring new growth opportunities. The company might reinvest the proceeds from the sale into areas that promise higher returns or align with its long-term strategic objectives. For Precise Multitube Packaging, the acquisition could lead to an expansion of its product offerings and an increase in market share. Both companies will likely monitor the integration process closely to ensure a smooth transition and maximize the benefits of the transaction. Industry observers will be watching for any further strategic moves by Oricon Enterprises, as well as the impact of this acquisition on Precise Multitube Packaging's business performance.
