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MoneyWorks4Me

Amsons Apparels gets nod to acquire 56% stake in Urbs Tech Agro

26 Sep 2017 Evaluate

Amsons Apparels has received an approval for acquisition of more than 56% stake in Urbs Tech Agro to make its subsidiary company. The company has also received an approval to expand its business into agriculture section through this subsidiary company. Shareholders of the company at their Annual General Meeting held on September 18, 2017, has considered for the same.

Amsons Apparels is currently engaged in the business of trading of fabrics. It is a multi-product fabric trading company and the range includes fabrics for Silk, Polyester, Lace Fabrics, Netting Fabrics, Coarse Cotton Fabric, suiting, shirting, linen, jute and other fabrics.

Peers
Company Name CMP
Redington 349.50
Adani Enterprises 2688.90
Amrapali Industries 32.92
Maxgrow India 174.80
Rashi Peripheral 690.15
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