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Shiva Texyarn gets nod to acquire 40% stake in L K Distributors

11 Nov 2019 Evaluate

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.

Shiva Texyarn Share Price

168.10 -8.90 (-5.03%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 26.58
Filatex India 44.54
Nitin Spinners 483.15
Nahar Spinning Mills 273.70
Sanathan Textiles 454.00
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