GHCL buys hospitality textile division of Best VIVEK SINHA GHCL has struck yet another international acquisition in the textile space. Dan River, US-based textile company which was acquired by GHCL last year, is...
S Kumars board to discuss US textile firm acquisition
S Kumars board to discuss US textile firm acquisition The board of S Kumars, the textile major, will meet on November 9 to consider and discuss the acquisition of American Pacific, a US-based home textile company. While...
Uniroyal Textile – Updates on Scheme of Amalgamation
Uniroyal Textile – Updates on Scheme of Amalgamation Uniroyal Textile Industries Ltd has informed BSE that the Company has fixed October 27, 2006 as a Record Date for the purpose of Issuing Shares to the...
Alok Industries to buy 60% in Czech textile firm
Alok Industries to buy 60% in Czech textile firm Textiles maker Alok Industries Ltd. said on Tuesday it would buy a majority stake in Czech firm Mileta International to strengthen its apparel and home textiles business...
LGB exits textile biz with sale of mill
LGB exits textile biz with sale of mill The Coimbatore-based auto and industrial components manufacturer LG Balakrishnan & Bros (LGB) has sold its textile mill, which had been converted into a wholly owned...
Private equity funds, textile companies vie for debt-ridden Alok Industries.
Bulge-bracket private equity funds TPG Capital Management and KKR & Co LP are competing with domestic textile companies Vardhman Group, Trident and a brand new special situations joint venture between Ajay Piramal...
Buy Igarashi Motors, Century Textiles: Anand Rathi
IGARASHI MOTORS: BUY Stop Loss: Rs 619 Target: Rs 670 It has crossed its immediate hurdle of Rs 622 zones after the accumulation of last forty seven trading sessions with rising trading volumes. It is now holding the...
Indo Count acquires global home fashion brand Wamsutta
Indo Count, a global bed linen manufacturer and exporter, announced its strategic acquisition of the international home fashion brand Wamsutta from Beyond, Inc. Beyond, Bed Bath & Beyond, Baby & Beyond, Welcome...
Future Enterprises gets bids for manufacturing units, insurance biz
Central Bank of India and Mumbai based M Pallonji & Co are the two bidders for Future Enterprises’ insurance business offering Rs 450 crore and Rs 300 crore respectively, two people familiar with the process said...
ULTRATECH adds more to its Cement Portfolio by way of Demerger from Kesoram
The Board of Directors of Ultratech Cements Limited & Kesoram Industries Limited at their respective board meeting have approved a composite scheme of arrangement (scheme) which envisages the demerger of the cement...
TVS Group’s Restructuring – A Benchmark for Family Arrangements
Recently, TVS Holdings Limited announced the completion of its demerger of non-ferrous gravity and pressure die castings business along with the amalgamation of its holding company & other group entity. The entire...
India’s Tata Capital eyes fashion brand Rare Rabbit at $300 mln valuation – sources
India’s Tata Capital is looking to purchase a roughly 13% stake in premium domestic fashion brand Rare Rabbit at a valuation of $300 million, as it seeks to bet on the country’s affluent shoppers, three...