Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar

Sutlej Textiles & Industries gets nod to acquire Birla Textile Mills

16 Mar 2015

Sutlej Textiles & Industries has received an approval to acquire Birla Textile Mills, a unit/division of Chambal Fertilisers & Chemicals, located at Baddi in state of Himachal Pradesh, as a going concern from Chambal Fertilisers & Chemicals, on slump sale basis. The board of directors at their meeting held on March 14, 2015 has approved for the same.

The aforesaid transaction is subject to requisite approvals as may be required. The parties are currently negotiating and finalizing the terms of the Business Purchase and Transfer Agreement and the other related transaction documents, and shall sign these documents as soon as there is consensus.

Sutlej Textiles and Industries has 260,872 spindles for spinning yarn, six million metres a year for apparel fabrics, 1.6 million trousers a year and 3 million metres a year for home textiles fabric. It has plants in Jammu and Kashmir, Rajasthan and Gujarat.

Related Sutlej Textiles And Industries Ltd. Links:

Sutlej Textiles&Inds Share Price

63.75 -3.10 (-4.64%) Sep 17, 18:02
1 Year Price Chart
Company Name CMP
Trident 23.75
Filatex India 105.45
Sutlej Textiles&Inds 63.75
Nahar Spinning Mills 387.55
Nahar Ind.Enterprise 112.45
View more..
Sensex vs Sutlej Textiles&Inds
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323