STI India gets nod to sell 1.20 crore equity shares of ‘STI Sanoh India’

01 Oct 2015

STI India has received an approval for sale of investment of 1.20 crore equity shares of STI Sanoh India (the joint venture company) to Sanoh Industrial Company, Japan. Accordingly, the joint venture agreement with Sanoh Industrial Company, Japan has come to an end. The board of directors at their meeting held on September 30, 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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