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| Exchange Disseminated Time | Relaxo Footwears Ltd has informed BSE that the Company has amicably settled the on-going protracted litigation with Bata India Limited in respect of Trade Mark "SPARX".
The Company has executed a Deed of Settlement with Bata India Limited for Assignment of Trade Mark "SPARX" in favour of Relaxo Footwears Limited and both Companies have agreed to file necessary Consent Terms before the Hon'ble Delhi High Court in due course, for withdrawal/settlement of all pending litigations filed by/against Bata India Limited and the Company. The benefit on account of this assignment of trademark along with saving in cost of litigation is considered to be materially beneficial to the Company in long term. |
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