Asahi Songwon Colors Limited, a global leader in blue pigments, announced a 51:49 joint venture agreement with Tennants Textile Colours (TTC) Limited of the United Kingdom to set up a state of the art red and yellow...
Grasim forms JVC with German power engineering company MR
Aditya Birla group owned Grasim is forming a joint venture in India with Germany-based Maschinenfabrik Reinhausen for manufacturing and selling composite hollow core insulators (CHCI) that caters to industries like the...
Two retail investors petition NCLAT against Alok Industries’ delisting move
Two retail investors in Alok Industries have approached the National Company Law Appellate Tribunal (NCLAT), opposing new owner Reliance Industries move to delist the textile firm that they claimed would erode the value...
PE firm Advent to acquire lingerie maker Enamor
Global private-equity fund Advent International is all set to acquire women’s innerwear maker Enamor for an enterprise value of around Rs 900-1,000 crore. Given the fast-growing innerwear category in India, Advent is...
RIL ties up with Turkey’s Kivanç Tekstil to manufacture, market eco-friendly textile
Reliance Industries has tied up with Turkey’s textile manufacturer Kivanç Tekstil, to manufacture and market its sustainable and eco-friendly fabric brand R|Elan’s GreenGold fabric in the country, the Mukesh...
Mandhana lenders move NCLT against buyout by US firm
Lenders to Mandhana Industries have moved the bankruptcy court to cancel US-based Formation Textiles’ approved proposal to acquire the local textile and apparel maker, as it failed to meet the terms of the pact as...
PNB takes Tarapur Textiles Park to DRT for $13-million loan default
With investigations into Nirav Modi scam in full swing, Punjab National Bank (PNB) has unearthed yet another default from its London branch. The bank has moved the Debt Recovery Tribunal (DRT) against Tarapur Textiles...
Levi Strauss IPO to raise as much as $587 million
Jeans maker Levi Strauss & Co said on Monday it expects to raise as much as $587 million through its initial public offering, which marks its return to public markets after more than three decades. The company...
Grasim buys Soktas India for ₹165 crore
Grasim Industries Ltd on Wednesday said it has signed a definitive agreement to acquire 100% equity shareholding of Soktas India Pvt. Ltd (SIPL) from its current promoters for an enterprise value of ₹165 crore. The...
Jeans maker Levi Strauss files for stock market comeback
Jeans maker Levi Strauss & Co on Wednesday filed documents to list itself on the New York Stock Exchange, seeking to return to public markets after more than three decades. Levi’s, one of the world’s biggest denim...
NCLT orders Reid & Taylor liquidation
A two judge bench of the Mumbai national company law tribunal (NCLT) has ordered the liquidation of the apparel maker Reid & Taylor (R&T) after none of the suitors to the company were able to garner the required...
Reid & Taylor: NCLT refuses Kasliwals access to forensic audit copy
The National Company Law Tribunal (NCLT) Monday refused the Kasliwals, the ex-promoters of Reid & Taylor, to access a copy of the forensic audit report carried out by KPMG which has found that the promoters had...
