Kewal Kiran Clothing Limited, which has four menswear brands -Killer, Integriti, Lawman Pg3 & easies under its portfolio, has acquired 50% stake in Kraus Casuals Private Limited for Rs 166.51 crore. With this, the...
Tata Group in talks with Fabindia promoters for stake acquisition, says report
Tata Group is in talks with promoters and shareholders of Fabindia for a potential stake acquisition or outright purchase of the ethnic apparel business, the Hindu BusinessLine reported citing sources. The ongoing talks...
S P Apparels announces acquisition of Young Brand Apparel for Rs 223 cr
S P Apparels Ltd (SPAL), a leading apparel manufacturer and exporter, has signed a definitive agreement to acquire Young Brand Apparel Private Limited (YBAPL), a subsidiary of Bannari Amman Spinning Mills, for a value...
Gokaldas Exports inks deal to buy out Dubai-based garment firm Atraco
The Bengaluru-headquartered Gokaldas Exports announced that it has, through its wholly-owned subsidiaries, entered into an agreement to acquire Atraco Group (Atraco), a Dubai-based manufacturer of apparel with a strong...
Tata Consumer, ITC among companies keen to buy into Fabindia-backed Organic India
Tata Consumer Products and ITC Foods are among select companies that have initiated talks to acquire a significant stake in Fabindia-backed organic teas and health products maker Organic India, executives directly aware...
NCLAT sets aside NCLT order rejecting insolvency plea against Uniworth Textiles
The National Company Law Appellate Tribunal on Monday set aside the order of the Kolkata bench of NCLT, which had rejected the plea of Asset Reconstruction Company to initiate insolvency proceedings against Uniworth...
Five bidders in race for textile manufacturer Sumeet Industries
Five bidders have expressed interest in taking over the debt-laden Surat-based textile company Sumeet Industries. These bidders are UP-based Bhola Ram Papers & Power, Bhilosa Industries and Bhumi Tex Industries of...
Provogue to be acquired by Rajkot-based firm for under Rs. 100 crore
Apparel company Provogue is being acquired by Rajkot-based investment firm Plutus Investments and Holding Private Limited for under Rs.100 crore, according to an order delivered by the national company law tribunal...
GHCL completes demerger of its spinning business into GHCL Textiles
Chemicals major GHCL has completed the demerger of its spinning business into GHCL Textiles. The demerger became effective from April 1 and the new entity GHCL Textiles will be listed on NSE and BSE after receiving...
Reliance Industries completes Sintex Textiles acquisition
Mukesh Ambani-promoted Reliance Industries, India’s biggest company by market value, has completed its Rs 3,567-crore acquisition of textile company Sintex Industries exactly a year after banks had approved the...
Aditya Birla leads race to acquire TCNS stake
Aditya Birla Fashion and Retail Ltd (ABFRL) has emerged as the front runner to acquire a majority stake in TCNS Clothing Ltd, the owner of the popular women’s wear brands W and Aurelia, two people aware of the matter...
Bain will buy Japanese apparel maker Mash Holdings for $1.44 bln
Private equity firm Bain Capital will acquire Mash Holdings for about 200 billion yen ($1.44 billion), a spokesperson for the Japanese apparel maker said. The Tokyo-based company will use Bain’s expertise to...
