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Bombay Rayon Fashions enters into agreement with BRFL Textiles

28 Nov 2020 Evaluate

Bombay Rayon Fashions has entered into a Business Transfer Agreement (BTA) with BRFL Textiles, the wholly owned subsidiary of the company, for the slump sale of the company’s Tarapur Undertaking on November 20, 2020. The completion of the business transfer under the aforementioned agreements is subject to certain closing conditions.

Bombay Rayon Fashions (BRFL) is engaged into manufacturing of fabrics and apparels. BRFL manufactures one of the most versatile and technically advanced fabrics and apparels in India. Presently, the company is the largest shirt manufacturer in India.

Peers
Company Name CMP
Vardhman Textiles 534.45
Welspun Living 227.60
Arvind 539.60
Raymond Lifestyle 642.05
K.P.R. Mill 1103.45
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