On 19th September Delta Magnets Ltd announced the merger of Arrow Textiles Ltd and MMG India Private Ltd with Delta Magnets Ltd. Post-merger the name of Delta Magnets Ltd will change to Delta Manufacturing Limited. ...
UltraTech acquires Century Textiles’ cement business
The Board of Directors of Century Textiles and Industries Limited (Century) had approved a Scheme of Arrangement between the Century, UltraTech Cement Limited (UltraTech), and their shareholders and creditors for the...
Grasim to invest Rs13,000 crore in textile, cement business
Aditya Birla Group firm Grasim Industries will invest over Rs13,000 crore in its textile and cement businesses over the next 24-36 months, as the company looks to increase capacity and modernise production, a senior...
Ultra Tech to acquire Century Textiles’ cement business
Aditya Birla Group firm UltraTechNSE 0.65 % said it would acquire the cement business of BK Birla Group company Century TextilesNSE -7.90 % and Industries through a share swap deal, a move which would further...
RIL, JM Financial bid jointly to buy textile manufacturer Alok Industries
Reliance Industries Ltd (RIL) said today that it has bid jointly with JM Financial Asset Reconstruction Company to acquire the debt-ridden textile manufacturer Alok Industries. In a clarification to stock...
Welspun India’s promoter sells 5% stake in textile worth Rs 3.5 billion
A promoter of Welspun India on Wednesday sold nearly 5 percent stake in the textile firm for almost Rs 3.5 billion through an open market transaction. According to the bulk deal data available with NSE, Welspun...
Advent International buys significant stake in Dixcy Textiles
Global private equity fund Advent International has acquired a significant stake in leading innerwear company Dixcy Textiles for an undisclosed sum, betting on the fast-growing category that has seen unprecedented...
Grasim divests its holding in Grasim Bhiwani Textiles to Donear
Buildings material and textile manufacturer Grasim Industries has entered into a share transfer agreement for the divestment of its 100% holding of its wholly owned subsidiary, Grasim Bhiwani Textiles, to the Mumbai...
ARVIND LIMITED: Redefining textiles industry
India is the second largest producer of textiles and garments in the world. The textile and allied product’s earnings from export was $37.14 billion in FY16, or 13.71% share of India’s total exports of $262.29 billion...
Welspun to invest Rs 4k cr on textile projects in Gujarat
Diversified Welspun Group today said it would invest Rs 4,000 crore on three large textile projects in Gujarat. Welspun India said in a BSE filing that three MoUs are being signed with the state government at the...
Century may merge textiles biz with Aditya Birla Fashion
Century Textiles and Industries, once a star among Indian investors, is looking to demerge its textile business. It may merge it with Aditya Birla Fashion & Retail (ABFRL) to bring the entire textile and fashion...
Vardhman Textiles dilutes 40% in Vardhman Yarns and Threads
Ludhiana-based vertically integrated textile group, Vardhman Textiles Limited, has sealed a share sale and purchase agreement (“SPA”), an amended and restated shareholders agreement, and other incidental and...