Jindal Worldwide has acquired 70,10,000 Equity Shares of Rs 10 each at par aggregating to Rs 7.01 crore of Niharika Threads.
Consequent to the said investment and further to the receipt of allotment letter of said shares on November 6, 2017, the company becomes the shareholder of Niharika Threads with aggregate of 100% Stake of Equity Share capital, and as a result Niharika Threads becomes the Wholly Owned Subsidiary Company and a Related Party of Jindal Worldwide.
The main objective of Jindal Worldwide is establishing itself as a market leader in the field of home textiles and readymade garment exports by rendering efficient and effective services.
Company Name | CMP |
---|---|
PDS | 517.65 |
Vardhman Textiles | 477.60 |
Arvind | 379.45 |
Welspun Living | 141.85 |
Alok Inds | 27.71 |
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