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Hindoostan Mills gets nod to discontinue operations of Composite Division

05 Jun 2018 Evaluate

Hindoostan Mills has received approval to discontinue the operations of the Composite Division and identify the buyer(s) in order to sell/dispose off its assets situated at Ambarnath and Karad either in whole or substantially the whole or in part(s). The Board of Directors of the Company at its Meeting held on June 05, 2018, approved the same.

Hindoostan Mills is one of the oldest textile companies in India, manufacturing, supplying and exporting Cotton Greige Fabrics and Processed Fabrics of the highest quality.

Peers
Company Name CMP
Vardhman Textiles 526.20
Welspun Living 223.45
Arvind 513.70
Raymond Lifestyle 568.65
K.P.R. Mill 1073.00
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