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RRIL gets nod to make further investment in Raj Rajendra Industries

11 Jan 2021 Evaluate

RRIL has received an approval for making further investment / acquisition of Raj Rajendra Industries (Group Company engaged into Textile Manufacturing), subject to shareholders approval by way of acquiring upto 3255485 equity shares of Rs 10 each equivalent to 38.30% of the issued and paid-up share capital of Raj Rajendra Industries from its existing shareholders. The object of the acquisition is to deployment of resources for integration of business activities.  The Board of Directors at their meeting held on January 09, 2021 has considered and approved the same.

RRIL is engaged in the manufacturing of aprons and cots.

Peers
Company Name CMP
Vardhman Textiles 561.95
Welspun Living 223.70
Arvind 548.00
Raymond Lifestyle 677.40
K.P.R. Mill 1136.75
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