Sutlej Textiles to purchase Birla Textile Mills

01 Jul 2015 Evaluate

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.

Sutlej Textiles&Inds Share Price

60.45 -0.85 (-1.39%)
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Peers
Company Name CMP
Trident 35.10
Filatex India 96.60
Nahar Spinning Mills 291.60
Sutlej Textiles&Inds 60.45
Nitin Spinners 203.95
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