Sutlej Textiles to purchase Birla Textile Mills

01 Jul 2015

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.

Related Sutlej Textiles & Industries Ltd. Links:

Sutlej Textiles&Inds Share Price

42.25 1.05 (2.55%) Apr 09, 18:01
1 Year Price Chart
Peers
Company Name CMP
Trident 14.12
Filatex India 75.25
Sutlej Textiles&Inds 42.25
Nahar Spinning Mills 104.00
Nahar Ind.Enterprise 45.00
View more..
Sensex vs Sutlej Textiles&Inds
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback