STI India gets nod to sell its investment in ‘STI Sanoh India’

17 Aug 2015 Evaluate

STI India has received an approval for sale of investment in STI Sanoh India, a Joint Venture Company, at the terms and price to be mutually agreed between the Joint Venture Partner. The board of directors at their meeting held on August 14, 2015 has approved for the same.

STI India is an established manufacturer of cotton yarn and cotton knitted fabrics. The company’s main products are 100% cotton yarns, both super combed and super carded and knitted fabrics.


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Peers
Company Name CMP
Trident 36.30
Filatex India 97.85
Nahar Spinning Mills 298.25
Sutlej Textiles&Inds 64.50
Nitin Spinners 208.50
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