Sutlej Textiles and Industries has executed business purchase agreement for purchase of Birla Textile Mills (BTM), a Division of Chambal Fertilizers And Chemicals (CFCL), by Sutlej, as a going concern, on slump sale basis. The Competition Commission of India has already approved the present transaction. The transaction is subject to fulfillment of various other conditions, as mentioned in the aforesaid Business Purchase Agreement, and further requisite approvals. It is expected that the transaction shall be completed by September 30, 2015.
Sutlej Textiles excels in all stages of textiles productions. Its versatile production facilities are vertically integrated, From Spinning and Home Textile.