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...
Good Glamm’s Raymond brands acquisition in the dock over valuation mismatch, financing woes
Direct-to-consumer beauty and personal care company Good Glamm Group’s (GGG) efforts to acquire the consumer care business of the Raymond Group that houses the Park Avenue and Kamasutra brands has hit a valuation...
Bankruptcy court admits Bombay Rayon Fashion for insolvency resolution
The bankruptcy court has allowed a petition filed by an operational creditor of Bombay Rayon Fashions Ltd (BRFL) to admit the company for the corporate insolvency resolution process (CIRP) and appointed Santanu T Ray of...
NCLT allows insolvency proceedings against National Textiles Corp
The National Company Law Tribunal (NCLT) has ordered to initiate insolvency proceedings against state-run National Textile Corporation (NTC) after admitting a plea by one of its operational creditors claiming default of...
NCLT admits plea against Modella Textile Industries
A dedicated bankruptcy court has admitted a plea filed by Beacon Trusteeship Ltd against Mumbai-based Modella Textile Industries Ltd after the company defaulted on its dues to the tune of about Rs 502 crore...
Indo Count soars 10% on completing acquisition of home textile biz of GHCL
Shares of Indo Count Industries soared 10 per cent to Rs 186 on the BSE in Monday’s intra-day trade, gaining as much as 17 per cent in the past two trading sessions after the company completed the acquisition of the...
NCLT approves transfer of Raymond Apparel biz to parent firm
The National Company Law Tribunal (NCLT) has approved the scheme of transfer of Raymond Apparel Ltd business to Raymond Ltd. In September 2021, board of Raymond had approved demerging the B2C business, including...
Raymond plans to sell ColorPlus and Park Avenue
Raymond is looking to sell its apparel retailing brands of ColorPlus and Park Avenue businesses, two persons familiar with the development said. Raymond has held talks with Denmark-based retail group Bestseller to sell...
Reliance Industries-ACRE wins bid to acquire Sintex Industries, proposes to delist shares
Sintex Industries’ lenders have approved the joint bid of Reliance Industries (RIL) and Assets Care & Reconstruction Enterprise (ACRE) to acquire the debt-ridden textiles firm under the insolvency resolution...
