Shiva Texyarn has received in-principle approval for the acquisition of 4,000 Equity Shares (i.e up to 40% of paid-up capital) of L K Distributors. The target company is engaged in the business of wind power generation. The proposed acquisition is to fulfil the criteria of Captive Consumer and to utilize the power generated by the target entity. The Board of Directors of the company at its meeting held November 11, 2019 has approved the same.
Shiva Texyarn is engaged in the manufacturing and marketing of cotton yarn and other textile products.
