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SVP Global Ventures’ arm to establish $300 mn cotton yarn manufacturing plant

03 Oct 2017 Evaluate

SVP Global Ventures’ wholly-owned subsidiary -- SV Pittie Sohar Textiles (FZC) LLC has entered into an agreement to establish a new $300 million cotton yarn manufacturing plant in Sohar Freezone. The company has also entered into an agreement with Bank Sohar to finance and syndicate the same.

SVP Global Ventures was incorporated with the main object of carrying on the business as an investment company. Later, the company diversified to the business of media and entertainment.

Peers
Company Name CMP
Vardhman Textiles 568.95
Welspun Living 222.45
Arvind 567.40
Raymond Lifestyle 708.85
K.P.R. Mill 1129.95
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