Rajapalayam Mills to merge with its wholly owned subsidiary

28 May 2012

Rajapalayam Mills is likely to merge with its wholly owned subsidiary namely Rajapalayam Spinners. The board of directors of the company at its meeting held on May 28, 2012, has given their consent for the merger.

Rajapalayam Mills is engaged in manufacture and sale of yarns. It is one of the most advanced textile mill in the country and is setting the industry standard for quality and price for many years. Rajapalayam Mills is the first in the country to acquire an Open End Spinning machine in early eighties.

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Rajapalayam Mills Share Price

739.65 -4.50 (-0.60%) Mar 05, 18:59
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Peers
Company Name CMP
Trident 14.55
Filatex India 69.15
Sutlej Textiles&Inds 44.40
Nahar Spinning Mills 98.90
Nahar Ind.Enterprise 50.10
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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