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Vardhman Textiles buys additional stake in VMT

07 Sep 2017 Evaluate

Vardhman Textiles has purchased entire stake of Marubeni Corporation (6.67%) and Marubeni Hong Kong and South China (3.89%) in its subsidiary, VMT Spinning Company (VMT). The company earlier was holding 89.44% shares of VMT and with this purchase VMT has become its 100% subsidiary.

Vardhman Textiles, incorporated in 1973, is one of the pioneers in textile industry with operations in the segments of yarn, sewing thread, steel, and fabric.



Peers
Company Name CMP
Vardhman Textiles 536.45
Welspun Living 235.85
Arvind 529.75
Raymond Lifestyle 624.95
K.P.R. Mill 1100.90
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